financetom
Business
financetom
/
Business
/
Top Midday Stories: GM Shares Rise on Earnings Beat, Raised Guidance; Blackstone, TPG to Acquire Hologic
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top Midday Stories: GM Shares Rise on Earnings Beat, Raised Guidance; Blackstone, TPG to Acquire Hologic
Oct 21, 2025 9:13 AM

11:54 AM EDT, 10/21/2025 (MT Newswires) -- The Dow Jones and the S&P 500 were up, while the Nasdaq Composite was flat in late-morning trading Tuesday, as markets digested another round of large-cap earnings reports.

In company news, General Motors ( GM ) reported Q3 adjusted earnings Tuesday of $2.80 per diluted share, down from $2.96 a year earlier but above the FactSet consensus estimate of $2.29. Third-quarter revenue was $48.59 billion, down from $48.76 billion a year ago but above the FactSet consensus of $45.04 billion. For full-year 2025, the automaker raised its adjusted EPS guidance to a range of $9.75 to $10.50 from $8.25 to $10. GM shares were up 15.6% around midday.

Hologic ( HOLX ) said Tuesday it has agreed to be acquired by funds managed by Blackstone (BX) and TPG (TPG) in a deal worth up to $18.3 billion, or up to $79 per share. The deal is expected to close in H1 2026. Hologic ( HOLX ) shares were up 3.2%, while those of Blackstone and TPG were up 0.8% and 1.3%, respectively.

Coca-Cola (KO) reported fiscal Q3 comparable earnings Tuesday of $0.82 per diluted share, up from $0.77 a year earlier and above the FactSet consensus of $0.78. Fiscal Q3 net operating revenue was $12.46 billion, up from $11.85 billion a year ago and above the FactSet consensus of $12.41 billion. Coca-Cola shares were up 3.7%.

Warner Bros. Discovery ( WBD ) said Tuesday its board has initiated a review of strategic alternatives amid the unsolicited interest it has received from multiple parties for both the entire company and Warner Bros. Netflix ( NFLX ) and Comcast ( CMCSA ) are among the companies interested in Warner Bros. Discovery's ( WBD ) TV and movie studios, Bloomberg reported Tuesday, citing people familiar with the matter. Warner Bros. shares were up 11%, while those of Netflix ( NFLX ) and Comcast ( CMCSA ) were up 0.3% and 0.8%, respectively.

Danaher ( DHR ) reported fiscal Q3 adjusted net earnings Tuesday of $1.89 per diluted share, up from $1.71 a year earlier. Fiscal Q3 sales were $6.05 billion, up from $5.80 billion a year ago and above the FactSet consensus estimate of $6.00 billion. Danaher ( DHR ) shares were up 7.4%.

Price: 74.19, Change: +2.32, Percent Change: +3.22

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
WeRide Robotaxis Approved for Late-Night Testing in Beijing
WeRide Robotaxis Approved for Late-Night Testing in Beijing
Aug 6, 2025
09:22 AM EDT, 08/06/2025 (MT Newswires) -- WeRide ( WRD ) said Wednesday it received approval to conduct late-night testing of its robotaxi on Beijing High-Level Autonomous Driving Demonstration Zone public roads. The launch of late-night autonomous driving testing is a crucial step in building a round-the-clock autonomous ride-hailing network in Beijing, WeRide ( WRD ) said. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Six Flags Entertainment CEO Richard Zimmerman to Step Down
Six Flags Entertainment CEO Richard Zimmerman to Step Down
Aug 6, 2025
09:23 AM EDT, 08/06/2025 (MT Newswires) -- Six Flags Entertainment ( FUN ) said Wednesday that Chief Executive and President Richard Zimmerman will step down by year-end 2025. Zimmerman will continue in his role until the appointment of his successor, the company said, adding that it has started a process to identify its next CEO. The company's shares were down...
CBL & Associates Properties' Q2 AFFO, Revenue Rise; Provides 2025 AFFO Guidance
CBL & Associates Properties' Q2 AFFO, Revenue Rise; Provides 2025 AFFO Guidance
Aug 6, 2025
09:27 AM EDT, 08/06/2025 (MT Newswires) -- CBL & Associates Properties ( CBL ) reported Q2 adjusted funds from operations Wednesday of $1.86 per diluted share, compared with $1.73 a year earlier. One analyst surveyed by FactSet expected $1.87. Revenue for the quarter ended June 30 was $156 million, compared with $153.4 million a year earlier. The company also said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved