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Shares of Genuine Parts dropped by approximately 20% following weaker-than-expected third-quarter earnings, with the company earning $1.88 per share, falling short of analysts’ expectations. On the other hand, General Motors saw its stock rise over 9% after surpassing third-quarter projections and increasing its full-year forecast. Verizon Communications experienced a 4% dip in its stock price despite reporting third-quarter revenue below expectations, while GE Aerospace fell more than 9% after mixed third-quarter results. Philip Morris International, on the other hand, saw a nearly 9% increase in its stock price after reporting strong third-quarter results and raising its 2024 guidance.

Lockheed Martin observed a more than 5% slide in its stock price due to third-quarter revenue missing expectations, although earnings exceeded forecasts and the company raised its full-year outlook. Deckers Outdoor shares fell nearly 3% following a downgrade from BTIG, while First Solar saw a 3.4% increase after receiving an upgrade from Citi. Zions Bancorporation experienced a more than 7% rise in its stock price after better-than-expected quarterly results, and Nucor saw an 8% drop as it projected a decline in GAAP earnings per share for the current period. Sherwin-Williams shares also dropped nearly 4% after missing estimates in its third-quarter results. Paccar shares declined over 5% following a decrease in deliveries, while Quest Diagnostics rallied nearly 7% after beating analysts’ expectations in the third quarter. Norfolk Southern shares rose 4% after reporting earnings and revenue that surpassed analysts’ projections.

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