General Motors, 3M, RTX rise premarket; Verizon falls

Investing.com -- US stock futures slipped lower Tuesday, as investors digested more corporate earnings with the new season hitting top gear.

Here are some of the biggest premarket US stock movers today: General Motors (NYSE:GM ) stock rose 0.7% after the auto giant reported third-quarter earnings that exceeded analyst estimates, helped by robust revenue growth and improved profitability. Verizon (NYSE:VZ ) stock fell 1.6% after the telecom giant reported mixed third-quarter results, with earnings slightly beating expectations but revenue falling short. It maintained its full-year guidance as it continues to see growth in wireless and broadband subscribers. 3M (NYSE:MMM ) stock rose 4.1% after the industrial conglomerate reported better-than-expected third-quarter earnings and revenue. RTX (NYSE:RTX ) stock rose 0.8% after the aerospace and defense company reported third-quarter earnings that surpassed analyst estimates, and raised its full-year guidance, driven by strong demand in commercial aftermarket and defense sectors. Target (NYSE:TGT ) stock fell 0.2% after the retail giant announced plans to reduce prices on more than 2,000 items in an effort to attract bargain-hunting shoppers during the holiday season. GE Aerospace (NYSE:GE ) stock fell 4.2% after the company reported mixed third-quarter results, with earnings just beating expectations but revenue falling short. PulteGroup (NYSE:PHM ) stock rose 1.2% after the housebuilder beat expectations for third-quarter profit as demand grew for its properties and prices were driven higher by a shortage in existing homes. SAP (NYSE:SAP ) ADRs rose 4% after the German software company raised its full-year targets on a strong cloud business in the third quarter. Zions Bancorporation (NASDAQ:ZION ) stock gained 3% after the lender reported strong third-quarter earnings, up 21% from the same quarter last year. HSBC (NYSE:HSBC ) ADRs fell 0.3% after the UK-based lender unveiled new plans to carry out a sweeping overhaul of its corporate structure. Lucid Group (NASDAQ:LCID ) stock rose 3.1% after CEO Peter Rawlinson told CNBC said investors misinterpreted a public offering, which raised roughly $1.75 billion, as it was a timely, strategic business decision to ensure the electric vehicle company has enough capital for its ongoing operations and growth plans.

Source: Investing.com