Stocks making the biggest moves midday: GM, McDonald’s, UPS, Pulte, International Paper and more

General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022.
Rebecca Cook | Reuters

Check out the companies making headlines in midday trading Tuesday.

General Motors cruised past analyst estimates on the top and bottom lines for its fourth quarter. The company reported an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. The outperformance came despite profit margins narrowing year over year. GM also said it expected earnings to fall in 2023, but that guidance was still above analyst estimates.


Paramountreported Monday that the company will integrate Showtime’s streaming service into its main streaming platform, Paramount+.

A.O. Smithbeat EPS estimates three times over the last four quarters.

McDonald’scautioned that rising cost pressures are likely to continue in 2023.

UPSposted earnings of $3.62 a share, slightly ahead of the $3.59 expected by analysts surveyed by Refinitiv. UPS also raised its dividend and sanctioned a new $5 billion stock repurchase plan.


International Paper

Pentair — Shares of Pentair surged 6.7% after the water treatment company reported earnings that topped Wall Street estimates for earnings and revenue. The company also gave solid forward guidance for earnings for the full year 2023.

Lam Researchadded a positive catalyst watch on the semiconductor company and said it expects the stock to outperform.

— CNBC’s Samantha Subin, Alex Harring, Jesse Pound, Yun Li, Carmen Reinicke, Michelle Fox Theobald, and Hakyung Kim contributed reporting.

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