Here’s a look at the companies making headlines before the bell: Spotify Technology — The music streaming stock surged 13% after Spotify Technology reported second-quarter earnings that beat estimates. Gross profit margin and operating income also exceeded expectations. General Motors – Auto stocks rose 4.6% after General Motors handily beat estimates for the second quarter. GM also said it was restructuring its troubled autonomous vehicle and China operations. Lockheed Martin — Defense stocks rose 0.5% after Lockheed Martin beat earnings and revenue estimates. The aerospace company reported second-quarter earnings of $6.85 per share on revenue of $18.12 billion. Analysts surveyed by London Stock Exchange Group (LSEG) had expected earnings of $6.46 per share on revenue of $17.04 billion. Coca-Cola Co. — Shares of Coca-Cola rose 1.7% after the beverage company reported better-than-expected earnings. Coca-Cola reported adjusted earnings of 84 cents per share on revenue of $12.36 billion. Analysts surveyed by LSEG expected earnings of 81 cents per share on revenue of $11.76 billion. The company also raised its full-year organic revenue guidance. NXP Semiconductors — Shares of NXP Semiconductors fell 7% after the company reported lower-than-expected second-quarter profit. Adjusted earnings of $3.20 per share were below the LSEG consensus estimate of $3.21 per share. Revenue of $3.13 billion was in line with expectations. United Parcel Service — Shares of the package delivery company fell nearly 9% after reporting second-quarter revenue and profit that missed targets. UPS reported earnings of $1.79 per share on revenue of $21.8 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $1.99 per share on revenue of $22.18 billion. Danaher — Danaher’s life sciences stock rose 6% after the company reported second-quarter profit and revenue that beat expectations. “We are particularly pleased with the continued positive momentum in our bioprocessing business,” Chief Executive Reiner Blair said in a statement. Crown Holdings — Crown Holdings reported second-quarter revenue, according to FactSet consensus estimates The packaging stock rose 6% after earnings beat analysts’ expectations. Crown also issued better-than-expected full-year profit guidance. Zions Bancorporation — Shares of Zions Bancorp rose 3% after the company reported second-quarter earnings that beat expectations. The regional bank reported earnings of $1.28 per share, above the $1.10 per share expected by analysts polled by LSEG. GE Aviation – Aerospace stocks rose 4% after GE Aviation reported second-quarter profit that beat expectations. The company reported adjusted earnings of $1.20 per share on revenue of $9.09 billion. Analysts polled by LSEG expected earnings of 99 cents per share on revenue of $8.46 billion. Comcast — Shares of Comcast fell 2% after the company reported mixed results. The company’s latest quarterly adjusted earnings per share were $1.21, beating estimates of $1.12 per share. However, revenue of $29.69 billion was below LSEG’s estimate of $30.02 billion. —CNBC’s Hakyung Kim and Jesse Pound contributed reporting
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