First Republic Bank (FRC 12.75, -3.25, -20.3%): beats by $0.72, beats on revs; announces ~20-25% workforce reduction; pursuing strategic options to expedite its progress; deposits fell 40.8%, but have stabilized
McDonald’s (MCD 295.50, +2.30, +0.8%): beats by $0.29, beats on revs US comps +12.6%
3M (MMM 106.37, +1.31, +1.3%): beats by $0.37, beats on revs; guides FY23 EPS in-line, revs above consensus; announces restructuring
Dow (DOW 54.90, -0.49, -0.9%): beats by $0.21, beats on revs
Verizon (VZ 36.84, -0.26, -0.7%): beats by $0.01, misses on revs; guides FY23 EPS in-line
UPS (UPS 186.40, -9.45, -4.8%): misses by $0.01, reports revs in-line; guides FY23 revs below consensus
PepsiCo (PEP 188.94, +3.44, +1.9%): beats by $0.11, beats on revs; guides FY23 EPS above consensus
Whirlpool (WHR 145.80, +5.10, +3.6%): beats by $0.49, beats on revs; reaffirms FY23 EPS guidance, revs guidance
General Motors (GM 35.40, +1.11, +3.2%): beats by $0.48, beats on revs; raises FY23 EPS and EBIT guidance
General Electric (GE 101.57, +1.42, +1.4%): beats by $0.13, beats on revs; raises FY23 EPS in-line
Sherwin-Williams (SHW 244.40, +7.84, +3.3%): beats by $0.25, beats on revs; reaffirms FY23 EPS outlook