By Joe Woelfel and Elsa Ohlen
Stocks traded mostly lower Tuesday with investors focused on the nearly one-fifth of the companies in the S&P 500 that are reporting quarterly earnings this week.
These stocks were making moves Tuesday:
Warner Bros. Discovery jumped 10% after the entertainment company said it has begun a review of strategic alternatives, including a sale, following interest it has received from multiple parties.
General Motors jumped 12% after the auto maker posted better-that-expected third-quarter earnings. GM reported quarterly operating profit of $3.1 billion from revenue of $48.6 billion. Wall Street was looking for an operating profit of $2.7 billion from revenue of $45 billion.
Coca-Cola rose 3.6% after the beverages giant posted better-than-expected earnings in the third quarter and said it was confident it could deliver on its full-year guidance. The company said it remains on track to deliver 2025 adjusted organic revenue growth of 5% to 6%, and adjusted earnings up 3% from $2.88 a share in 2024.
3M gained 2.5% after reporting quarterly earnings that were better than Wall Street forecasts. The company posted adjusted earnings of $2.19 a share from adjusted sales of $6.3 billion. Wall Street was looking for profit of $2.07 a share from sales of $6.3 billion, according to Bloomberg. Full-year earnings guidance was raised to a range of $7.95 to $8.05 a share from $7.75 to $8.
GE Aerospace rose 2.3% after third-quarter adjusted earnings of $1.66 a share topped Wall Street expectations of $1.46. Revenue of $12.2 billion smashed estimates of $10.4 billion, and the maker of jet engines raised its fiscal-year earnings estimates.
Lockheed Martin fell 0.7%. The military contractor reported third-quarter earnings of $6.95 a share on sales of $18.6 billion. Wall Street was looking for earnings of $6.38 a share on sales of $18.6 billion. Lockheed also increased its full-year earnings outlook.
Danaher, the life sciences and diagnostics company, reported third-quarter sales and profit that rose from a year earlier. Shares rose 7.8%. Adjusted earnings of $1.89 a share topped analysts' estimates of $1.72. Sales in the period were $6.05 billion in sales, up from $5.8 billion a year earlier and better than Wall Street expectations of $6 billion.
Newmont, one of the world's largest gold miners, declined 8.5% as gold prices sank nearly 3% to $4,238 per ounce.
Apple rose 0.4% to $263.40 after shares jumped 3.9% on Monday to close at a record high of $262.24. Apple's market cap of $3.89 trillion moved its valuation past Microsoft for the first time since Sept. 25, according to Dow Jones Market Data, making the iPhone manufacturer the second-largest U.S. company by market cap behind Nvidia. Driving the gains Monday were a report on strong iPhone 17 sales and an upgrade to Buy from analysts at Loop Capital.
Alphabet, the parent of search giant Google, also set a record high Monday, rising 1.3% to finish at $256.55. Shares have risen for six straight sessions, gaining 8.4% over the span. Analysts at Oppenheimer on Monday said Alphabet was closer than Meta Platforms to seeing returns on its artificial-intelligence investments, making it the better bet for the short term. On Tuesday, Alphabet fell 1.4%.
Amazon.com shares gained 1.8%, a day after its cloud computing business , Amazon Web Services, suffered a major outage, disrupting numerous websites and social-media platforms. The root cause of the outage was "an underlying internal subsystem responsible for monitoring the health of our network load balancers," AWS said. By late Monday, the company said all AWS services had returned to normal operations.
Beyond Meat soared 46% to $2.15 after it appeared to be the newest target for retail investors and the meme stock crowd. The stock surged 127% Monday. Coming into Tuesday, shares of the producer of plant-based meat alternatives have fallen 61% this year amid declining sales and soft demand for its products.
Shares of electric-vehicle maker Tesla fell 1.1%. Tesla is scheduled to report third-quarter earnings after the closing bell Wednesday. Wall Street expects earnings in the period of 55 cents a share on revenue of $27.2 billion. Tesla already has announced it delivered a record 497,099 cars in the third quarter, about 54,000 vehicles more than analysts' projected.
Netflix slipped 0.2%. The streaming giant is scheduled to report third-quarter earnings after the closing bell Tuesday. Analysts expect Netflix to post adjusted earnings of $6.96 a share on revenue of $11.5 billion. Netflix enters Tuesday riding a two-session winning streak and gains of 39% for the year.
Earnings reports are expected Tuesday after the closing bell from Texas Instruments and Capital One Financial.
Write to Joe Woelfel at joseph.woelfel@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
October 21, 2025 10:05 ET (14:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.