RTX reported third-quarter earnings of $2.26 per share on revenues of $24.97 billion, surpassing LSEG estimates of $1.78 earnings per share and $24.08 billion in revenue, leading to a 1% increase in its stock. Northrop Grumman's shares rose 0.5% after it earned $7.89 per share, beating the $7.18 estimate, although its revenue of $11.12 billion fell slightly short of the $11.14 billion consensus.
General Motors' stock dropped approximately 5% despite reporting better-than-expected earnings and raising its free cash flow expectations, alongside a new $20 billion stock buyback program without a specified timeline.
GE Aerospace's shares fell nearly 2% as its free cash flow of $2.04 billion was below the expected $2.2 billion, despite raising its full-year guidance for 2026. 3M's stock increased by 1% after reporting adjusted earnings of $2.50 per share, exceeding the $2.38 estimate.
Steel Dynamics saw a 5.3% decline in its shares after reporting mixed results, with earnings per share and profit margins falling short, although its customer backlog increased by 50% year over year. Apple’s stock fell about 1% following a downgrade from Loop Capital, citing concerns over slowing iPhone sales and high valuation.
Solstice Advanced Materials rose 3% after reports of activist investor Starboard Value building a stake in the company