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General Motors, 3M, Spotify, Verizon, etc.

3M World Headquarters in Maplewood, Minnesota.

Michael Silk | Universal Images Group | Getty Images

Check out the companies being talked about in pre-market trading.

general motors — General Motors shares rose more than 1% after the company raised its full-year outlook and announced second-quarter earnings. YoY increase.

3M – The company’s share price rose about 2% in pre-market trading following the company’s latest earnings report. 3M had $7.99 billion in revenue, beating analysts’ expectations of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its earnings guidance.

Xerox — The workplace technology provider beat earnings expectations in the second quarter, up 3.6%, at 44 cents per share excluding items, versus analysts’ expectations of 32 cents surveyed by FactSet. Quarterly sales of $1.75 billion were in line with expectations. Xerox also said it expects free cash flow and adjusted operating margins to improve for the full year from previous estimates.

general electric — The company’s shares rose more than 4% in pre-market trading after the company posted better-than-expected earnings in the second quarter. GE also raised its full-year earnings outlook on strong demand from aerospace and record orders in its renewable energy business.

Danaher — Shares of the conglomerate fell 4.6%. Danaher said non-GAAP core earnings for the base business were down in the current quarter compared to the same period last year and are expected to grow less than previously expected for the full year. But the company released a strong quarterly report, posting earnings of $2.05 per share and revenue of $7.16 billion, excluding the second-quarter item, while analysts polled by FactSet expected $2.01 per share on revenue of $7.12 billion.

spotify — Music streaming platforms fell 6.1% after releasing weak quarterly reports and guidance. Spotify’s revenue was €3.18 billion, below Refinitiv’s €3.21 billion forecast. The earnings outlook for the full year was also worse than analysts expected. This report follows Spotify’s announcement that: Increase the price of premium subscription plans.

Lilium — The electric helicopter share price rose 5.6% after management released a letter to shareholders. Management said in the letter that adjusted cash outlays for the first half of 2023 were within budget and that the company had passed an audit from the European Union Aviation Safety Agency.

Alaska Airlines — Alaska Airlines shares fell more than 4% even though it beat second-quarter sales and bottom-line earnings estimates. Alaska reported adjusted earnings per share of $3 on sales of $2.84 billion. Analysts polled by Refinitiv had expected revenue of $2.77 billion and earnings of $2.70 per share. The company expects full-year earnings to range from $5.50 to $7.50 per share, according to FactSet, in line with the average analyst estimate of $6.65.

RTX — Shares of the company formerly known as Raytheon fell 3% despite a strong quarterly report. RTX had his $1.29 earnings per share excluding items on sales of $18.32 billion. Analysts polled by Refinitiv had forecast $1.18 per share, or $17.68 billion. The company also raised its full-year forecasts for both lines.

verizon — The telecom giant traded 2.6% higher after reconfirming its full-year outlook. Despite the mixed results in the second quarter, Verizon’s sales were his $32.6 billion and his earnings per share excluding items were $1.21. Analysts polled by Refinitiv had expected earnings of $1.17 a share and revenue of $33.24 billion.

walmart — Walmart climbs more than 1% on Piper Sandler upgraded The big retailers moved from neutral to overweight on Monday and raised their price targets. Analyst Edward Yurma said Walmart could gain even greater market share in the grocery business as inflation eases.

— CNBC’s Samantha Soobin, Yun Lee, Jessie Pound, Sarah Min and Tanaya Machel contributed to the report

Summarize this content to 100 words 3M World Headquarters in Maplewood, Minnesota. Michael Silk | Universal Images Group | Getty ImagesCheck out the companies being talked about in pre-market trading.general motors — General Motors shares rose more than 1% after the company raised its full-year outlook and announced second-quarter earnings. YoY increase.3M – The company’s share price rose about 2% in pre-market trading following the company’s latest earnings report. 3M had $7.99 billion in revenue, beating analysts’ expectations of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its earnings guidance.Xerox — The workplace technology provider beat earnings expectations in the second quarter, up 3.6%, at 44 cents per share excluding items, versus analysts’ expectations of 32 cents surveyed by FactSet. Quarterly sales of $1.75 billion were in line with expectations. Xerox also said it expects free cash flow and adjusted operating margins to improve for the full year from previous estimates.general electric — The company’s shares rose more than 4% in pre-market trading after the company posted better-than-expected earnings in the second quarter. GE also raised its full-year earnings outlook on strong demand from aerospace and record orders in its renewable energy business.Danaher — Shares of the conglomerate fell 4.6%. Danaher said non-GAAP core earnings for the base business were down in the current quarter compared to the same period last year and are expected to grow less than previously expected for the full year. But the company released a strong quarterly report, posting earnings of $2.05 per share and revenue of $7.16 billion, excluding the second-quarter item, while analysts polled by FactSet expected $2.01 per share on revenue of $7.12 billion.spotify — Music streaming platforms fell 6.1% after releasing weak quarterly reports and guidance. Spotify’s revenue was €3.18 billion, below Refinitiv’s €3.21 billion forecast. The earnings outlook for the full year was also worse than analysts expected. This report follows Spotify’s announcement that: Increase the price of premium subscription plans.Lilium — The electric helicopter share price rose 5.6% after management released a letter to shareholders. Management said in the letter that adjusted cash outlays for the first half of 2023 were within budget and that the company had passed an audit from the European Union Aviation Safety Agency.Alaska Airlines — Alaska Airlines shares fell more than 4% even though it beat second-quarter sales and bottom-line earnings estimates. Alaska reported adjusted earnings per share of $3 on sales of $2.84 billion. Analysts polled by Refinitiv had expected revenue of $2.77 billion and earnings of $2.70 per share. The company expects full-year earnings to range from $5.50 to $7.50 per share, according to FactSet, in line with the average analyst estimate of $6.65.RTX — Shares of the company formerly known as Raytheon fell 3% despite a strong quarterly report. RTX had his $1.29 earnings per share excluding items on sales of $18.32 billion. Analysts polled by Refinitiv had forecast $1.18 per share, or $17.68 billion. The company also raised its full-year forecasts for both lines.verizon — The telecom giant traded 2.6% higher after reconfirming its full-year outlook. Despite the mixed results in the second quarter, Verizon’s sales were his $32.6 billion and his earnings per share excluding items were $1.21. Analysts polled by Refinitiv had expected earnings of $1.17 a share and revenue of $33.24 billion.walmart — Walmart climbs more than 1% on Piper Sandler upgraded The big retailers moved from neutral to overweight on Monday and raised their price targets. Analyst Edward Yurma said Walmart could gain even greater market share in the grocery business as inflation eases.— CNBC’s Samantha Soobin, Yun Lee, Jessie Pound, Sarah Min and Tanaya Machel contributed to the report
https://www.cnbc.com/2023/07/25/stocks-making-the-biggest-moves-before-the-bell-general-motors-3m-spotify-verizon-and-more.html General Motors, 3M, Spotify, Verizon, etc.

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