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Benzinga
Benzinga
Business
Avi Kapoor

General Motors Posts Upbeat Q3 Results, Joins Halliburton, Danaher, Crown Holdings And Other Big Stocks Moving Higher On Tuesday

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U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Tuesday.

Shares of General Motors Company (NYSE:GM) rose sharply during Tuesday's session after the company reported better-than-expected third-quarter financial results and raised FY25 adjusted EPS outlook.

The auto behemoth registered third-quarter adjusted earnings per share of $2.80, beating the analyst consensus estimate $2.31.

Quarterly sales of $48.59 billion (down 0.3% year over year) topped Street view of $45.27 billion, driven by Chevrolet's rise to America's No. 2 electric-vehicle brand, with the Equinox EV emerging as the best-selling non-Tesla model, the company said.

General Motors shares jumped 12.7% to $65.41 on Tuesday.

Here are some other big stocks recording gains in today’s session.

  • Beyond Meat, Inc. (NASDAQ:BYND) gained 50.4% to $2.1250 after the company announced plans with Walmart to increase availability of select products at over 2,000 stores nationwide.
  • Vicor Corporation (NASDAQ:VICR) surged 12.5% to $65.27.
  • Warner Bros. Discovery, Inc. (NASDAQ:WBD) gained 10.6% to $20.29 after the company announced it is reviewing potential strategic alternatives following unsolicited interest from multiple parties.
  • RTX Corporation (NYSE:RTX) rose 9.7% to $176.41 after the company reported better-than-expected quarterly financial results and raised FY25 adjusted revenue and EPS outlook.
  • Galaxy Digital (NASDAQ:GLXY) gained 8.9% to $43.18 following third-quarter results.
  • Halliburton Company (NYSE:HAL) jumped 8.9% to $24.65 after the company reported third-quarter adjusted EPS and sales above expectations.
  • Danaher Corporation (NYSE:DHR) gained 7.9% to $224.85 after the company reported better-than-expected third-quarter financial results.
  • GSI Technology, Inc. (NASDAQ:GSIT) rose 7.4% to $13.93 as the company announced pricing of $50 million registered direct offering of common stock and pre-funded warrants.
  • Clover Health Investments, Corp. (NASDAQ:CLOV) gained 6.8% to $3.1200.
  • Crown Holdings, Inc. (NYSE:CCK) rose 5.3% to $99.38 as the company reported better-than-expected third-quarter financial results and raised its FY25 adjusted EPS guidance.

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