Equifax and 3M jump on earnings and deals while GM falls on its outlook
Third-quarter reports and a 3M-Amazon deal moved stocks on a busy earnings morning.
Equifax jumped about 9.6% after the credit reporting firm reported third-quarter profit above analysts' estimates, per Reuters. The AP also cited strong profit reports from Equifax and Hasbro as lifting stocks.
3M gained about 5.3% after saying it is expanding its data-center partnership with Amazon and issuing Amazon a warrant to buy more than $521 million of 3M stock; the company also raised its full-year profit forecast, per Reuters. See Toast & Tickers for the early read.
General Motors fell about 5.3% after forecasting annual earnings below some analysts' hopes, per Reuters, despite a third-quarter beat and a new $20 billion buyback - details in our GM story. Steel Dynamics slipped about 1% after missing third-quarter profit estimates, per Reuters. Netflix, SpaceX and United Airlines report after the close.
