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

Check retired the companies making headlines successful midday trading Tuesday.

General Motors — The automaker's banal surged much than 7% aft the company cruised past expert estimates connected the apical and bottommost lines for its 4th quarter. The institution reported an adjusted $2.12 per stock connected $43.11 cardinal successful revenue. Analysts surveyed by Refinitiv were looking for $1.69 successful net per stock connected $40.65 cardinal successful revenue. The outperformance came contempt nett margins narrowing twelvemonth implicit year. GM besides said it expected net to autumn successful 2023, but that guidance was inactive supra expert estimates.

Caterpillar — Shares fell astir 3% aft Caterpillar reported a 29% net decline. The operation machinery and instrumentality shaper said higher manufacturing costs and overseas currency effects weighed connected its quarterly results.

Paramount — Shares of the amusement elephantine shed 1% aft a downgrade to underperform from neutral by Macquarie, which cited its vulnerability to advertising. CNBC reported Monday that the institution volition integrate Showtime's streaming work into its main streaming platform, Paramount+.

A.O. Smith — Shares skyrocketed 9.6% aft the manufacturing institution reported net of $0.86 per share, beating statement estimates. The institution has beat EPS estimates 3 times implicit the past 4 quarters.

McDonald's — Shares dipped 2.60% aft McDonald's reported its latest quarterly results. Although the accelerated nutrient company's net and gross bushed expectations, absorption cautioned that rising outgo pressures are apt to proceed successful 2023.

UPS — Shares of United Parcel Service gained 4% aft shipping and proscription elephantine posted earnings of $3.62 a share, somewhat up of the $3.59 expected by analysts surveyed by Refinitiv. UPS besides raised its dividend and sanctioned a caller $5 cardinal banal repurchase plan.

PulteGroup — Shares of the homebuilder soared 9% successful midday trading aft the institution reported better-than-expected 4th fourth earnings. The institution reported $3.63 successful adjusted net per stock connected $5.17 cardinal of revenue, and its homebuilding gross borderline roseate twelvemonth implicit year.

International Paper — Shares of the packaging and insubstantial products institution rallied much than 8% aft reporting fourth-quarter adjusted operating net of 87 cents per diluted share, exceeding StreetAccount's estimation of 69 cents per diluted share. International Paper besides gave fiscal twelvemonth 2023 guidance of $2.8 cardinal compared to the $2.4 cardinal expected.

Pentair — Shares of Pentair surged 6.7% aft the h2o attraction institution reported net that topped Wall Street estimates for net and revenue. The institution besides gave coagulated guardant guidance for net for the afloat twelvemonth 2023.

Lam Research — Shares were up 2.3% aft Citi added a affirmative catalyst watch connected the semiconductor institution and said it expects the banal to outperform.

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