Top Movers | GM, KO, LMT, PM & RTX Rocket: Key Insights on EPS, Revenue & Outlooks
Let’s check out the top movers after earnings!
1. $Coca-Cola(KO)$ rose over 4%
EPS: $0.82 vs. $0.78 expected (Beat +5.1%)
Revenue: $12.46B vs. $12.41B expected (Beat +0.4%)
Outlook: Now expecting organic revenue growth of 5%–6% and comparable EPS up 3% versus $2.88 in 2024, including a 5% currency headwind. It also cut its sales outlook to flat for 2025, down from the prior 2%–4% growth forecast, and lowered core EPS guidance to $6.72–$6.82 from $6.91–$7.05.
Coca-Cola’s average quarterly volume growth was a healthy 1%. Even with this good performance, we can see that most of the company’s gains have come from price increases by looking at its 9.8% average organic revenue growth. The ability to sell more products while raising prices indicates that Coca-Cola enjoys some degree of inelastic demand.
James Quincey, Chairman and CEO of Coca-Cola, stated that by offering choice across the company's total beverage portfolio and leveraging the unique strengths of its franchise model, they are gaining ground and strengthening their leadership position. He expressed confidence in delivering on their 2025 guidance while also working to achieve longer-term objectives.
2. $General Motors(GM)$ Surged over 14.86%
EPS: $2.80 vs. $2.31 expected (Beat +21.2%)
Revenue: $48.59B vs. $45.27B expected (Beat +7.3%)
Outlook: Now expects adjusted EPS of $9.75-$10.50, up from $8.25-$10.00. Increased EBIT guidance to $12.0B-$13.0B from $10.0B-$12.5B. Reduced tariff impact estimate to $3.5B-$4.5B from $4B-$5B.
GM’s new outlook signals strength for the automaker heading into the fourth quarter and beats Wall Street analysts’ current expectations for the last three months of the year. GM CEO Mary Barra said:“Based on our performance, we are raising our full-year guidance, underscoring our confidence in the company’s trajectory.”
GM CFO Paul Jacobson on Tuesday said only about 40% of the company’s EVs were profitable on a production, or contribution-margin basis. He signaled that the company expects profitability of EVs to take longer than previously expected amid an expected slowdown in adoption.
3. $Lockheed Martin(LMT)$ lost 3.24%
EPS: $6.95 vs. $6.36 expected (beat 9.3%)
Revenue: $18.61B vs $18.55B (beat 0.3%)
Outlook: Full-year revenue guidance raised slightly to $74.5 billion at midpoint (from $74.25 billion). Full-year GAAP EPS guidance at $22.25, +1.7% above analyst estimates. Analysts expect next 12-month revenue growth of 4.3%, roughly in line with recent trends.
Looking at the trend in its profitability, Lockheed Martin’s operating margin decreased by 5.2 percentage points over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability.
CEO Jim Taiclet cited "strong demand from Lockheed Martin's customers—both in the United States and among our allies" and noted the company is "increasing production capacity significantly across a wide range of our lines of business" to meet unprecedented demand.
4. $Philip Morris(PM)$ lost 3.83%
EPS: $2.23 vs. $1.98 expected (beat 12.5%)
Revenue: $10.85B vs $10.64B (beat 2%)
Outlook: The company expects an adjusted annual profit of $7.46 to $7.56 per share, compared with its prior forecast of $7.43 to $7.56. Now expects revenue to grow 8.1% over the next 12 months, similar to its three-year rate.
The company has been counting on its newer products, such as Zyn, to offset long-term declines in cigarette brands Marlboro, Chesterfield and others.With ever-stricter regulations and health concerns pushing consumers away from tobacco, cigarette makers are heavily investing in developing products such as pouches and vapes to replace lost revenues and profits.
Philip Morris continues to benefit from strong consumer demand and pricing power across its global markets. The company emphasized that its lucrative business model and stable cash generation provide flexibility for reinvestment and shareholder returns.
5. $RTX Corp(RTX)$ surges 7.67%
EPS: $1.70 vs. $1.41 expected (Beat +20.57%)
Revenue: $22.48B vs. $21.3B (+55%)
Outlook: Raised full-year adjusted EPS forecast to $6.10–$6.20, up from prior range capped at $5.95 and above analyst consensus of $5.95. Increased sales forecast to as high as $87 billion, reflecting continued strength in aftermarket demand for aircraft parts and systems.
Despite the smaller profit target, RTX lifted its sales forecast on strong commercial aftermarket demand for jet-engine parts and aircraft systems. It is in active discussions with the Trump administration on projects, including supplying equipment for the proposed “Golden Dome” missile-defense system and modernizing the US air-traffic control system.
RTX Chairman and CEO Chris Calio announced strong Q3 results, citing double-digit organic sales growth across all three segments and the company's sixth consecutive quarter of YoY adjusted segment margin expansion. The company secured $37 billion in new awards during the quarter, reflecting robust global demand for its products and supporting long-term growth.
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