Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Tuesday, October 24th, and I'm your host Kim Khan. Our top story so far.

The earnings conveyor belt shifts up another gear. Among the big names reporting this morning

results mostly top to Wall Street expectations.

Verizon raised its full year free cash flow guidance and reported strong

third quarter results. For fiscal 2023 Verizon now sees free cash flow above 18 billion up from a previously estimated

$17 billion.

The company also maintained its previous guidance

for cash flow from operations within a range of $36.25 to $37.25 billion and

expects its capital spending plans to be at the higher end of the previously

guided range. Speaking on a conference call, Verizon Chief Executive Hans

Vespberg said that the company is on track to exceed post-paid phone

editions in the coming quarter and that momentum will continue.

Verizon's increase in free cash flow guidance comes just days after competitor AT&T also increased its

free cash flow guidance for the remainder of the year.

General Motors reported revenue up 5.3% year over year to 44.13 billion, that top estimates.

GM is also moderating the acceleration of electric vehicle production in North America to protect pricing,

adjust to slower near-term growth in demand, and implement engineering efficiency.

The plan is to make vehicles less expensive to produce and more profitable.

The E.V. pullback will be of interest to Tesla and Rivian Automotive.

GE beat expectations on the top and bottom lines.

The company also raised its full year 2023 estimate for adjusted EPS to a range of

...