Coca-Cola, Verizon rise; HCA Healthcare, TrueBlue fall, Tuesday, 10/24/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday:
Coca-Cola Co. (KO), up $1.40 to $55.48
Strong sales in Mexico, India and other markets helped drive Coke to better profit during the summer than analysts expected.
General Electric Co. (GE), up $6.79 to $113.48
The industrial conglomerate posted better-than-expected earnings and raised its profit forecast for the year.
Verizon Communications Inc. (VZ), up $3.02 to $34.41
The mobile operator posted 20% broadband subscriber growth and earned more than analysts expected during the summer.
General Motors Co. (GM), down 5 cents to $29.17
The automaker made more during the summer than analysts had forecast, but it also warned of strikes' impact on earnings.
Nikola Corp. (NKLA), up 11 cents to $1.06
The electric and hydrogen-powered heavy truck maker was awarded $165 million in an arbitration proceeding with its founder, Trevor Milton.
HCA Healthcare Inc. (HCA), down $12.37 to $228.57
The hospital operator's earnings fell short of analysts' forecasts as results from a physician staffing joint venture fell short.
TrueBlue Inc. (TBI), down $3.35 to $10.31
The staffing company reported results for the latest quarter that fell well short of what analysts were expecting.
Medpace Holdings Inc. (MEDP), up $40.98 to $268.50
The clinical research company reported results that were far higher than analysts expected, and raised its forecasts for the full year.