Cornucopia of Q3 Earnings: GE, GM & More
ZACKS·2025-10-21 15:46

Market Overview - Major market indexes have rebounded and are back to all-time highs, with the Dow and S&P 500 both up +2 points, while the Nasdaq remains flat [1] - The small-cap Russell 2000 has underperformed recently, down -3 points [1] Economic Data - A new Consumer Price Index (CPI) report is expected this week, but federal economic data has been absent due to a government shutdown lasting three weeks [2] Earnings Reports - General Electric (GE): Reported earnings of $1.66 per share, beating estimates by +20 cents (+13.7% surprise), with revenues of $11.3 billion, exceeding expectations by +9.4%. Shares rose +2.75%, marking an +81.5% increase year-to-date [2] - General Motors (GM): Earnings of $2.80 per share surpassed consensus by +22.8%, with revenues of $48.59 billion, a +9.76% beat, marking the strongest quarter since 2017. Shares increased by +11% in early trading [3] - Lockheed Martin (LMT): Reported earnings of $6.95 per share, exceeding estimates by +9.8%, with revenues of $18.61 billion, slightly above projections by +0.28%. Shares have underperformed the broader indexes year-to-date [4] - Coca-Cola (KO): Earnings of 82 cents per share beat estimates by 4 cents, with revenues of $12.41 billion, surpassing expectations by +10%. The company has successfully passed price increases to customers, with shares up +2.86% [5] - 3M (MMM): Reported earnings of $2.19 per share, beating consensus by +4.3%, with revenues of $6.34 billion, ahead of the $6.25 billion estimate. Full-year earnings guidance has been raised to $7.95-8.05 per share [6] Upcoming Earnings - Netflix (NFLX): Set to report Q3 earnings after the market close, with expectations for +27.6% growth in earnings per share and +17.3% growth in revenues. The company has consistently beaten earnings estimates in the past four quarters by an average of +6.4% [7]