Earnings live: Meta stock tumbles, Microsoft slides, and Alphabet jumps as Big Tech earnings pour in

Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar.

So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 9.2% jump in earnings per share during the third quarter. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings growth reported in Q2 of this year.

Expectations were slightly lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share during the third quarter.Source: FactSet

This week, five of the "Magnificent Seven" tech companies — Microsoft (MSFT), Alphabet (GOOG), Meta (META), Apple (AAPL), and Amazon (AMZN) — representing about a quarter of the S&P 500, report results.

Other notable companies reporting updates this week include Boeing (BA), Visa (V), Starbucks (SBUX), UnitedHealth Group (UNH), Verizon (VZ), Mastercard (MA), Chipotle (CMG), Merck & Co. (MRK), Shell (SHEL), Exxon Mobil (XOM), Chevron (CVX), Coinbase (COIN), Caterpillar (CAT), ServiceNow (NOW), Anheuser-Busch InBev (BUD), and Eli Lilly (LLY).

Here are the latest updates from corporate America.LIVE110 updates

Featured

Wed, October 29, 2025 at 8:23 PM UTC

Grace O'Donnell

Meta Q3 earnings miss on EPS, stock plummets more than 8%

Yahoo Finance's Daniel Howley reports:

Read more here. Featured

Wed, October 29, 2025 at 8:25 PM UTC

Grace O'Donnell

Microsoft tops Q1 expectations as cloud shines but stock tumbles

Yahoo Finance's Daniel Howley reports:

Read more here. Featured

Wed, October 29, 2025 at 8:43 PM UTC

Grace O'Donnell

Alphabet stock rises as Q3 earnings, revenue surpass Wall Street's expectations

Yahoo Finance's Laura Bratton reports:

Read more here.

3 mins ago

Grace O'Donnell

Merck stock falls after company posts earnings beat, narrows guidance

Merck (MRK) stock fell over 2% in premarket trading as the company's earnings beat was not enough to reassure investors, as the company braces for the expiration of key patents.

The drugmaker reported earnings per share of $2.58 a share, topping Wall Street analysts' estimates of $2.35 per share. Revenue of $17.2 billion also beat estimates for $16.9 billion.

Sales of Merck's blockbuster cancer immunotherapy drug Keytruda rose 10% to $8.14 billion, and sales of its hypertension drug Winrevair grew 141% to $360 million. However, Gardasil sales declined 24% to $1.7 billion.

The company also said it received FDA approval for a version of Keytruda that patients can inject under the skin, as Merck barrels toward the 2028 expiration of its Keytruda patent.

Merck now expects full-year sales to be between $64.5 billion and $65 billion, a narrower range than the $64.3 billion and $65.3 billion the company previously forecast. Earnings per share are expected to be between $8.93 and $8.98 for 2025, which is raised slightly. 16 mins ago

Jenny McCall

Comcast slows internet, TV losses amid heavy promotion cycle

Comcast (CMCSA) managed to slow subscriber defections in its third quarter. The media company was helped by an internet price-lock guarantee and bundled plans.

Shares in Comcast rose by more than 1% before the bell on Thursday.

Bloomberg News reports:

Read more here. 55 mins ago

Jenny McCall

Eli Lilly raises full-year forecast, as weight-loss drugs demand drives third-quarter beat

Eli Lilly (LLY) stock rose 6% on Thursday before the bell after raising its full-year profit and revenue forecast as strong appetite for its widely popular weight-loss and diabetes drugs Zepbound and Mounjaro helped it beat third-quarter earnings estimates.

Reuters reports:

Read more here. Today at 11:05 AM UTC

Jenny McCall

Estee Lauder beats quarterly sales estimates

Reuters reports:

Read more here. Today at 8:17 AM UTC

Jenny McCall

Stellantis posts higher revenues, trims estimates on US tariff impact

Stellantis (STLA) reported a 13% year-on-year increase in revenue for its third quarter earnings on Thursday. The automaker's shares fell % before the bell.

Reuters reports:

Read more here. Wed, October 29, 2025 at 10:24 PM UTC

Brian Sozzi

Fascinating Chipotle earnings call

I know you are probably still digesting all things Fed, but I encourage you to read Chipotle's (CMG) earnings call transcript before the market opens on Thursday.

Alarming as it pertains to the health of the consumer. CEO Scott Boatwright talks about falling sales in October because of consumer pressure.

Key comment from him:

"We're seeing that significant pullback from that cohort under $100,000 annually. Also, that age group 25 to 34, which we over-index to, is about 25% of our total sales, has pulled back meaningfully. Based on our data, both purchased and in-house data, it shows that we are gaining market share, but that cohort, so meaning we're not losing them to the competition, we're losing them to grocery and food at home. That consumer is under pressure. It is one of our core consumer cohorts, and they feel the pinch, and we feel the pullback from them as well." Wed, October 29, 2025 at 9:06 PM UTC

Keith Reid-Cleveland

EBay falls after giving weak profit outlook for holiday period

Bloomberg reports:

Read more here. Wed, October 29, 2025 at 8:59 PM UTC

Grace O'Donnell

Chipotle stock sinks after company cuts sales forecast for third quarter in a row

Yahoo Finance's Brooke DiPalma reports:

Read more here. Wed, October 29, 2025 at 8:55 PM UTC

Grace O'Donnell

ServiceNow raises annual subscription revenue forecast as AI demand surges

ServiceNow (NOW) stock jumped about 4% after hours following the company's earnings report, which beat estimates on the top and bottom lines. The cloud-based software company also raised its outlook for annual subscription revenue.

Reuters reports:

Read more here. Wed, October 29, 2025 at 8:51 PM UTC

Grace O'Donnell

Wolfspeed posts weaker profit for first quarter after exiting bankruptcy

From Reuters:

Read more here. Wed, October 29, 2025 at 8:19 PM UTC

Grace O'Donnell

Starbucks stock rises after company posts first global sales increase in nearly 2 years

Starbucks (SBUX) stock popped as much as 3% in extended trading after the coffee company returned to global same-store sales growth.

Yahoo Finance's Brooke DiPalma reports:

Read more here. Wed, October 29, 2025 at 8:05 PM UTC

Pras Subramanian

Carvana stock slips as sales surge but profits miss estimates

Carvana (CVNA) said sales surged 55% in the third quarter, with profits jumping in tandem as the online car retailer touted the advantages of its “vertically integrated” business model.

Carvana reported Q3 revenue of $5.65 billion, up 55% versus a year ago and surpassing the $5.11 billion estimated, per Bloomberg consensus. It posted earnings per share of $1.03, missing estimates of $1.32, but adjusted EBITDA came in at a record $637 million, topping the $598.2 million expected and representing a 48% increase compared to last year.

Carvana also reported that it sold a record 155,941 vehicles in the quarter, up 44% year over year. The stock slipped in after-hours trading.

“In Q3, Carvana once again drove industry-leading growth and profitability while crossing over $20 billion revenue run rate scale for the first time," Carvana founder and CEO Ernie Garcia said in a statement. “We continue to focus on unlocking the structural advantages of our vertically integrated model that strengthen our business and separate our customer offering.”

Carvana, which buys, reconditions, sells, and delivers vehicles fully online, says it is the most profitable car dealer, with industry-leading margins.

Critics and short sellers believe the Carvana model is flawed and may be hiding some distress.

“Given the news in the subprime auto space of defaults, bankruptcies, rising delinquencies, the fact that Carvana seems to be sailing through it with nary a scratch stretches credulity,” short seller Jim Chanos said in an interview with Bloomberg Television this week. Chanos cited “transparency” issues with Carvana’s loan service Bridgecrest.

Carvana is projecting sales of over 150,000 units in Q4, with full-year adjusted EBITDA in a range of $2 billion to $2.2 billion, which is slightly below estimates of $2.21 billion. Wed, October 29, 2025 at 7:36 PM UTC

Grace O'Donnell

Earnings preview: Wall Street weighs Alphabet earnings amid AI cloud deals, Google Search competition from OpenAI

In another upcoming earnings report, Alphabet (GOOG, GOOGL) will reveal more details about how the AI boom is shaping the Google parent's business. Yahoo Finance's Laura Bratton breaks down what analysts will be watching for:

Read more here. Wed, October 29, 2025 at 7:33 PM UTC

Grace O'Donnell

Earnings preview: Meta to report Q3 earnings as AI spending continues to pile up

Yahoo Finance's Daniel Howley also previews what to watch when Meta (META) reports earnings:

Read more here. Wed, October 29, 2025 at 7:31 PM UTC

Grace O'Donnell

Earnings preview: Microsoft to report Q1 earnings following new OpenAI deal

Microsoft is set to report first quarter results, offering Wall Street its latest look at the company's AI and cloud growth. Yahoo Finance's Daniel Howley previews what to expect when Microsoft reports after the bell on Wednesday:

Read more here. Wed, October 29, 2025 at 4:17 PM UTC

Grace O'Donnell

Fiserv stock plunges. New CEO launches an executive shakeup.

Yahoo Finance's David Hollerith reports:

Read more here. Wed, October 29, 2025 at 12:28 PM UTC

Grace O'Donnell

Etsy taps new CEO and reports earnings beat, but the stock is slumping

Etsy (ETSY) stock took a hit on Wednesday morning, falling more than 9%, after the company announced a new CEO and reported a decline in gross merchandise sales for the third quarter compared to the same period last year.

Still, earnings of $0.63 per share topped estimates for earnings of $0.52.

Reuters reports:

Read more here.

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