Warner Bros Discovery
The owner of HBO and CNN saw its shares surge over 12% after announcing its openness to a sale. The board of WBD stated it would “evaluate a broad range of strategic options,” which could include a planned separation of the company by mid-2026, a complete sale, or separate deals for Warner Bros. or Discovery Global.
Beyond Meat
Beyond Meat, known for its plant-based meat products, rallied more than 40%, adding to a staggering 127% surge from Monday—its best one-day gain ever. This volatility echoes the dramatic swings the company experienced in 2021 when retail traders attempted to drive Beyond Meat shares “to the moon.”
Cleveland-Cliffs
The mining company saw a drop of over 16%, reversing most of its previous session’s gains. This decline followed a downgrade to underweight from equal weight by Wells Fargo, which indicated that Cleveland-Cliffs’ 21% surge on Monday was an overreaction to the miner’s announcement about exploring rare earth metals mining.
Danaher
Danaher, a global leader in life sciences and diagnostics devices, jumped 8.4% after its third-quarter financial results exceeded Wall Street’s expectations. The company reported earnings of $1.89 per share, surpassing the anticipated $1.72, with revenue hitting $6.05 billion against a consensus estimate of $6 billion.
Spotify
The streaming giant’s stock rose 2.1% after Morgan Stanley named it one of its top picks, reiterating an overweight rating. The firm noted that Spotify is “poised to accelerate growth into next year” following enhancements to its free and Premium tiers.
General Motors
General Motors experienced a 15% jump after raising its full-year guidance and reporting earnings that beat expectations. The automaker earned an adjusted $2.80 per share in the third quarter, exceeding the $2.31 expected by analysts. Revenue reached $48.59 billion, surpassing the $45.27 billion consensus estimate.
Coca-Cola
Coca-Cola’s third-quarter earnings and revenue surpassed expectations, leading to a 3.3% increase in shares. The company reported adjusted earnings of 82 cents per share on revenue of $12.41 billion, beating analyst forecasts of 78 cents per share on $12.39 billion in revenue.
3M
The maker of Post-it notes saw its stock rise 5.6% after quarterly results exceeded analyst expectations. 3M earned $2.19 per share, excluding certain items, on revenue of $6.32 billion, compared to the expected earnings of $2.08 per share on $6.25 billion in revenue.
Crown Holdings
Crown Holdings’ stock increased by 4% after the metal packaging products manufacturer reported better-than-expected earnings for the third quarter. The company earned an adjusted $2.24 per share on revenue of $3.2 billion, surpassing the expected profit of $1.99 per share on revenue of $3.14 billion.
Zions Bancorp
Zions Bancorp climbed over 2% after its third-quarter report alleviated concerns regarding the company’s exposure to bad loans. The bank earned $1.48 per share, slightly above the LSEG estimate of $1.41 per share, with net interest income at $672 million for the period.
EPAM Systems
The software company gained 6.9% following the announcement of a stock buyback plan worth up to $1 billion.
Gold and Silver Miners
Mining companies faced declines as gold and silver prices fell. Coeur Mining and Hecla Mining dropped 14.6% and 10%, respectively, while First Majestic Silver and Pan American both shed 10%. Newmont also saw a 9% decrease.
RTX
Shares of RTX jumped 9% after the aerospace and defense company reported earnings that exceeded expectations. RTX announced third-quarter earnings of $1.70 per share on revenues of $22.48 billion, surpassing the anticipated $1.41 per share on revenues of $21.31 billion.
Philip Morris International
The tobacco giant fell 8% despite reporting third-quarter results that exceeded expectations. However, the company did not raise the upper range of its 2025 EPS guidance, which may have disappointed some investors.
GE Aerospace
GE Aerospace rose over 2% after posting better-than-expected third-quarter earnings and revenue. The company reported adjusted earnings of $1.66 per share on revenue of $11.31 billion, exceeding the analyst expectations of $1.45 per share and $10.41 billion in revenue.
— CNBC’s Scott Schnipper, Michelle Fox, Pia Singh, Sean Conlon, Alex Harring, Sarah Min, and Liz Napolitano contributed reporting.
