Maplewood, Minnesota, 3M’s global headquarters.

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Check out the companies that made headlines in pre-market trading.

General Motors — General Motors shares rose more than 1% after the automaker raised its full-year outlook and reported second-quarter results that increased year-on-year.

3M – Shares of the maker rose about 2% in premarket trading after the company’s latest earnings report. 3M reported revenue of $7.99 billion, beating analysts’ estimates of $7.87 billion, according to Refinitiv. The company also raised its full-year profit guidance and reaffirmed its revenue guidance.

Xerox — The workplace technology provider rose 3.6% after beating expectations for second-quarter earnings and reporting 44 cents a share excluding items, versus the 32 cents forecast by analysts polled by FactSet. Quarterly revenue was in line with expectations of $1.75 billion. Xerox also said it expects free cash flow and adjusted operating margin to be better than previously forecast for the full year.

General Electric — Shares of the industrial giant jumped more than 4% in premarket trading after the company reported better-than-expected second-quarter earnings. GE also boosted its full-year profit outlook on strong demand from the aerospace industry and record renewable energy orders.

Danaher — Shares of the conglomerate fell 4.6%. Danaher said non-GAAP core revenue in the core business would decline in the current quarter compared with the same quarter a year ago and would increase less than originally expected for the full year. But the company delivered a strong quarterly report, reporting second-quarter earnings per share excluding items of $2.05 on revenue of $7.16 billion, while analysts polled by FactSet had expected $2.01 per share on revenue of $7.12 billion.

Spotify — The music streaming platform fell 6.1% after delivering a weak quarterly report and guidance. Spotify reported revenue of 3.18 billion euros, falling short of Refinitiv’s forecast of 3.21 billion euros. The full-year revenue outlook was also worse than analysts expected. The news follows Spotify’s announcement that it will increase premium subscription prices.

Lilium — Electric Helicopters shares rose 5.6% after management released a letter to shareholders. In the letter, management said adjusted cash spending for the first half of 2023 was within budget and the company had passed an audit by the European Union Aviation Safety Agency.

Alaska Airlines — Airline shares fell more than 4% even after Alaska beat estimates on the top and bottom lines for the second quarter. Alaska reported adjusted earnings per share of $3 on revenue of $2.84 billion. Analysts polled by Refinitiv had expected earnings per share of $2.70 on revenue of $2.77 billion. The airline’s full-year earnings estimate of $5.50 to $7.50 per share was roughly in line with analysts’ average estimate of $6.65, according to FactSet.

RTX — Shares of the company formerly known as Raytheon fell 3% despite a strong quarterly report. RTX reported earnings per share of $1.29, excluding items, on revenue of $18.32 billion. Analysts polled by Refinitiv had forecast $1.18 a share and $17.68 billion. The company also raised its full-year expectations for both lines.

Verizon — The telecommunications giant traded 2.6% higher after reaffirming its full-year outlook. That’s despite a mixed second quarter, when Verizon reported $1.21 in earnings per share, excluding items, on $32.6 billion in revenue. Analysts polled by Refinitiv estimate earnings per share of $1.17 on revenue of $33.24 billion.

Walmart — Walmart up more than 1% after Piper Sandler. upgraded the major retailer on Monday maintained a neutral position and raised its price target. Analyst Edward Yruma said Walmart could gain more market share in the grocery business once inflation moderates.

— CNBC’s Samantha Subin, Yun Li, Jesse Pound, Sarah Min and Tanaya Macheel contributed reporting

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