Check out the companies that made the news before the bell: RTX – The defense stock gained 1% after RTX posted third-quarter earnings of $2.26 per share, excluding items, on revenue of $24.97 billion. That exceeded LSEG’s forecast of $1.78 in earnings per share on revenue of $24.08 billion. Northrop Grumman – Shares gained 0.5% after the defense contractor reported mixed results for the third quarter. The company earned $7.89 per share, beating LSEG’s estimate of $7.18 per share. However, revenue of $11.12 billion was just below consensus of $11.14 billion. General Motors – The automaker fell about 5% even as GM reported third-quarter numbers that beat analysts’ expectations. The company also raised its free cash flow expectations and shortened full-year guidance to 2026. The Detroit automaker also announced a new $20 billion share buyback program, but did not give a specific timeframe for the buybacks. GE Aerospace – Shares fell nearly 2%. While GE Aerospace raised full-year 2026 guidance, the company’s free cash flow of $2.04 billion was lower than expectations of $2.2 billion, according to StreetAccount. 3M – The industrial and safety products maker rose 1% after reporting adjusted earnings of $2.50 per share, beating LSEG’s estimate of $2.38 per share. Steel Dynamics – Shares fell 5.3% after the industrial metals company reported mixed third-quarter numbers. When a company beats revenue, earnings per share and profit margins fall short of expectations. On a positive note, the company’s customer backlog is growing by 50% annually, through 2027 due to strong demand. Apple – The tech giant fell about 1% after a hold down downgrade from buy at Loop Capital. Analysts point to slow iPhone sales and high prices as sources of concern. Solstice Advanced Materials – The chemical stock rose 3% after The Financial Times reported, citing sources, that activist Starboard Value had built a stake in the company. – CNBC’s Davis Giangiulio, Fred Imbert, Paulina Likos and Deena Zaidi contributed reporting
Stocks that made the biggest premarket: RTX, GM, NOC, STLD