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Top Midday Stories: GM Shares Rise on Earnings Beat, Raised Guidance; Blackstone, TPG to Acquire Hologic
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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

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