Take a look at the companies making the headlines in midday trading.

3M – Shares of the chemical maker rose 5.5% 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.

Spotify — Music streaming platform he fell 14% after lower-than-expected earnings and guidance. Spotify reported revenue of 3.18 billion euros, missing the consensus estimate of 3.21 billion euros from analysts polled by Refinitiv. The full-year revenue outlook was also softer than analysts had expected. The results follow the company’s announcement that it will raise prices for premium subscription plans.

Alaska Airlines — Alaska Air shares fell 12%, even as the airline beat estimates on the top and bottom lines in the second quarter. The airline 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 defense supplier fell more than 12% afterward. revealed the problem affecting a “significant portion” of its Pratt & Whitney engines that power the Airbus A320neo models. Elsewhere, RTX reported second-quarter earnings that beat Wall Street expectations, reporting $1.29 in adjusted earnings per share on revenue of $18.32 billion. Analysts polled by Refinitiv had called for earnings per share of $1.18 on revenue of $17.68 billion.

F5 — Shares of the cloud software company rose 5.7%. Late Monday, F5 posted both a high and a low in its fiscal third quarter. The company reported adjusted earnings of $3.21 per share on revenue of $703 million. Analysts were calling for earnings per share of $2.86 on revenue of $699 million, according to Refinitiv.

NXP Semiconductors — Shares rose 4% after the chip maker reported quarterly earnings on Monday. NXP reported adjusted earnings per share of $3.43 on revenue of $3.3 billion. Analysts had estimated earnings per share of $3.29 on revenue of $3.21 billion, according to Refinitiv. The company’s projected third-quarter earnings also beat analysts’ estimates.

General Electric — Shares of the industrial giant jumped more than 5% to hit a 52-week high after the company reported better-than-expected second-quarter earnings. GE reported adjusted earnings of 68 cents per share on revenue of $16.7 billion. Analysts were calling for earnings of 46 cents per share on revenue of $15 billion, according to Refinitiv. GE also boosted its full-year profit outlook, saying it was getting a boost from strong aviation demand and record renewable energy orders.

Whirlpool — Whirlpool fell more than 3% daily after reporting lower-than-expected second-quarter sales. The home appliances company reported revenue of $4.79 billion, missing the consensus estimate of $4.82 billion, according to Refinitiv. It beat earnings expectations, reporting adjusted earnings of $4.21 per share, topping estimates of $3.76.

Biogen — Shares of the biotech company fell 3.8% after reporting second-quarter results. Biogen reported adjusted earnings of $4.02 per share on revenue of $2.46 billion. Analysts polled by Refinitiv had expected earnings of $3.77 per share on revenue of $2.37 billion. The biotech company’s sales fell by 5% year-on-year. The company also announced this eliminate about 1,000 jobsor about 11% of its workforce to cut costs ahead of the launch of its Alzheimer’s drug Leqembi.

Progressive — Insurance company shares lost nearly 2% after a downgrade from Morgan Stanley to underweight from equal weight. The company cited too many negative catalysts as the reason for the downgrade.

MSCI — Shares rose 9% after the company’s second-quarter earnings and revenue beat analysts’ estimates. The investment research firm reported earnings of $3.26 per share, excluding items, on revenue of $621.2 million. Analysts polled by FactSet had expected earnings of $3.11 per share on revenue of $602.5 million.

General Motors — Shares of the automaker fell 4.5%. GM’s latest quarterly results included a surprise $792 million charge related to new business deals with LG Electronics and LG Energy Solution. Separately, the company dropped its 2023 guidance for the second time this year. GM also informed halftime in the second quarter on revenue, reported $44.75 billion, compared with the $42.64 billion expected by analysts polled by Refinitiv.

UPS – UPS shares rose about 1% after the Teamsters announced a non-binding employment contract with the shipping giant on Tuesday.

Invesco — Shares of the investment management company fell 5% after reporting adjusted earnings of 31 cents a share in the second quarter, while analysts polled by FactSet had expected 40 cents a share. President and CEO Andrew Schlossberg said the company will focus on simplifying its organizational model, strengthening its strategic focus, as well as aligning its cost base.

Xerox – Shares of the workplace products and solutions provider rose more than 7% after the company raised its full-year operating margin and free cash flow guidance. Xerox now expects an adjusted operating margin of 5.5% to 6%, compared to an earlier estimate of 5% to 5.5%. It also calls for at least $600 million in cash flow, compared to a previous outlook of at least $500 million.

Packaging Corp of America — Shares of the packaging products company rose more than 10% to hit a new 52-week high. In the second quarter, the company reported earnings of $2.31 per share, excluding items, beating analysts’ estimates of $1.93 per share, according to Refinitiv. The company cited lower operating costs from efficiencies as well as lower transportation and logistics costs. Its revenue of $1.95 billion, meanwhile, fell short of analysts’ estimates of $1.99 billion, according to FactSet.

Zscaler — Shares of the IT security company jumped 4.5% after being upgraded to BTIG. buy from neutral. “Our field work leads us to believe that demand for Secure Service Edge (SSE) has improved sustainably and that major projects that were put on hold in late 2022/early 2023 are starting to move forward again,” BTIG said in a note.

Sherwin-Williams – Shares added more than 3% after the company announced record second quarter sales at $6.24 billion. Analysts were calling for revenue of $6.03 billion, according to FactSet. The company posted adjusted earnings per share of $3.29, while analysts were expecting $2.70 per share.

— CNBC’s Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans and Alex Harring contributed reporting