At Extreme Investor Network, we specialize in providing valuable insights and analysis on the latest financial news and market trends. Today, we are taking a closer look at some of the top companies making headlines in midday trading.
Genuine Parts: Shares of Genuine Parts fell about 20% after the company reported weaker-than-expected earnings for the third quarter. The stock was headed for its worst day on record as it slashed its full-year forecast.
General Motors: On the other hand, General Motors saw its stock jump more than 9% following better-than-expected third-quarter results and an increased full-year forecast. Analysts were impressed as GM earned an adjusted $2.96 per share on $48.76 billion in revenue.
Verizon Communications: Despite dipping 4%, Verizon Communications managed to beat earnings expectations with earnings per share of $1.19. The company reaffirmed its full-year outlook despite falling short on revenue for the third quarter.
GE Aerospace, Philip Morris International, Lockheed Martin, Deckers Outdoor, First Solar, Zions Bancorporation, Nucor, Sherwin-Williams, Paccar, Quest Diagnostics, and Norfolk Southern are some of the other companies highlighted for their performance in the market during midday trading.
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