Texas Instruments forecast third-quarter profit just shy of Wall Street estimates on Tuesday, as the analog chipmaker invests heavily in boosting capacity, while navigating a global trade war, sending its shares down 8% in extended trading.

General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday, supported by strong sales of its core gasoline trucks and SUVs.

General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its full-year forecast.

General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.