Stocks making the biggest moves before the bell: General Motors, 3M, Spotify, Verizon and more

Check retired the companies making headlines successful premarket trading.

General Motors — Shares of General Motors roseate much than 1% aft the automaker raised its full-year guidance and reported second-quarter results that rose connected a year-over-year basis.

3M – Shares of the chemic shaper roseate astir 2% successful premarket trading pursuing the company's latest net report. 3M posted $7.99 cardinal successful revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. The institution besides raised its full-year net guidance and reaffirmed its gross guidance.

Xerox — The workplace exertion supplier precocious 3.6% aft beating net expectations for the 2nd quarter, posting 44 cents per stock excluding items against a 32-cent forecast from analysts polled by FactSet. Quarterly gross came successful enactment with expectations astatine $1.75 billion. Xerox besides said to expect escaped currency travel and the adjusted operating borderline to beryllium amended than antecedently anticipated for the afloat year.

General Electric — Shares of the concern elephantine jumped much than 4% successful premarket trading aft the institution posted stronger-than-expected net for the 2nd quarter. GE besides boosted its full-year nett guidance connected the backmost of beardown request from aerospace and grounds orders successful its renewable vigor business.

Danaher — Shares of the conglomerate slid 4.6%. Danaher said non-GAAP halfway gross successful the basal concern volition beryllium down successful the existent 4th compared with the aforesaid 4th a twelvemonth agone and would beryllium up little than antecedently expected for the afloat year. However, the institution gave a beardown quarterly report, posting 2nd 4th net per stock excluding items astatine $2.05 and gross astatine $7.16 billion, portion analysts polled by FactSet anticipated $2.01 per stock connected $7.12 cardinal successful revenue.

Spotify — The euphony streaming level dropped 6.1% aft presenting a anemic quarterly study and guidance. Spotify reported gross of €3.18 billion, beneath a Refinitiv forecast of €3.21 billion. Full-year gross guidance was besides worse than analysts expected. The study follows Spotify's announcement that it volition raise prices for premium subscription plans.

Lilium — The electrical chopper banal added 5.6% aft absorption released a missive to shareholders. In the letter, absorption said adjusted currency walk for the archetypal fractional of 2023 was wrong fund and the institution was palmy successful an audit from the European Union Aviation Safety Agency.

Alaska Air — Shares of the hose fell much than 4% adjacent aft Alaska bushed estimates connected the apical and bottommost lines for the 2nd quarter. Alaska reported $3 successful adjusted net per stock connected $2.84 cardinal successful revenue. Analysts surveyed by Refinitiv were expecting $2.70 successful net per stock connected $2.77 cardinal successful revenue. The airline's full-year net guidance of $5.50 to $7.50 per stock was astir in-line with the mean expert estimates of $6.65, according to FactSet.

RTX — Shares of the institution formerly known arsenic Raytheon slipped 3% contempt a beardown quarterly report. RTX ported $1.29 successful net per share, excluding items, connected $18.32 cardinal successful revenue. Analysts polled by Refinitiv forecasted $1.18 per stock and $17.68 billion. The institution besides raised its full-year expectations for some lines.

Verizon — The telecommunications elephantine traded 2.6% higher aft reaffirming its full-year guidance. That came contempt a mixed 2nd quarter, with Verizon posting $1.21 successful net per share, excluding items, connected $32.6 cardinal successful revenue. Analysts polled by Refinitiv estimated $1.17 net per stock and gross of $33.24 billion.

Walmart — Walmart roseate much than 1% aft Piper Sandler upgraded the big-box retailer Monday to overweight from neutral, and hiked its terms target. Analyst Edward Yruma said Walmart could instrumentality greater marketplace stock successful the market concern arsenic ostentation eases.

— CNBC's Samantha Subin, Yun Li, Jesse Pound, Sarah Min and Tanaya Macheel contributed reporting