2Q22 GE,GM,3M,RTX,MCD, UPS

Here Comes The Earnings Barrage: Highlights From GE, GM, 3M, RTX, MCD And UPS

General Electric:

GE gained 3.9% in premarket trading after reporting adjusted earnings per share for the second quarter that beat the average analyst estimate. Quarterly revenue also topped expectations.

McDonalds:

MCD dipped but then reversed earlier losses, after it missed on revenues, but beat on earnings and comp store sales.

Raytheon:

RTX dropped after the company missed revenues but beat on EPS

3M:

3M jumped after reporting top and bottom line beats while cutting sales guidance and reported a spin off of its health business

General Motors:

GM shares sank 3.9% in premarket trading Tuesday, after the automaker’s second-quarter profit missed expectations, and the CEO said the company was limiting hiring to critical needs. Shares of peer Ford down 1%, Stellantis down 1.5%. Tesla falls 1.1%. GM also reaffirmed its full-year outlook

UPS

UPS shares were flat after reporting adjusted earnings per share for the second quarter that beat the average analyst estimate

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