Earnings live: Earnings remain solid with peak reporting weeks in the rearview mirror, Disney results ahead

The greater part of third quarter earnings reports is behind us, with the latest burst of reports this past week from tech and AI players, including Palantir (PLTR), AMD (AMD), and Supermicro (SMCI).

So far, the Q3 earnings season is off to a positive start. As of Nov. 7, 91% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 13.1% jump in earnings per share during the third quarter. If that figure holds, it would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.

Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.Source: FactSet

This past week, investors heard from tech and AI players such as Palantir, AMD, Supermicro, and Constellation Energy (CEG), as well as from Uber (UBER), Spotify (SPOT), Snap (SNAP), and Airbnb (ABNB).

In the week ahead, quarterly results will arrive from The Walt Disney Company (DIS), Applied Materials (AMAT), CoreWeave (CRWV), Occidental Petroleum (OXY), Rocket Lab (RKLB), Oklo (OKLO), Cisco Systems (CSCO), and Alibaba (BABA).

Here are the latest updates from corporate America.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click hereLIVE184 updates

Today at 1:52 PM UTC

Grace O'Donnell

Constellation Energy stock falls after earnings fall short of estimates

Constellation Energy (CEG) stock fell nearly 6% ahead of the market open after the energy provider reported earnings that missed expectations and narrowed its full-year operating earnings guidance.

In Q3, Constellation posted GAAP earnings per share of $2.97, which missed analyst estimates of $3.05, according to S&P Global Market Intelligence. However, revenue of $6.57 billion exceeded analysts' average estimate of $6.46 billion.

Constellation also narrowed its full-year adjusted operating earnings guidance range by $0.15 on either end to a new range of $9.05–$9.45 per share. Previously, Constellation had been guiding for operating earnings guidance in a range of $8.90-$9.60 per share.

Constellation's nuclear fleet produced 46,477 gigawatt-hours (GWhs) in the third quarter, compared with 45,510 GWhs in Q3 2024, achieving a 96.8% capacity factor, compared with 95.% for the same period a year ago.

Year to date, Constellation Energy's stock is up 57%. Today at 1:12 PM UTC

Grace O'Donnell

Wendy’s earnings beat estimates, shares rise in premarket trading

Wendy's revenue and same-restaurant sales dipped in the third quarter, but the stock climbed 9% in premarket trading, as the declines weren't as bad as analysts feared.

In Q3, Wendy's reported revenue of $549 million, a 3% decline from the same period a year ago but higher than the Street's estimate of $534 million, according to S&P Global Market Intelligence. Global same-restaurant sales also dropped by 3.7%, which was not as steep as analysts had anticipated.

Earnings per share of $0.24 topped estimates for $0.20 per share.

Wendy's international business helped offset declines in US consumer spending, while franchise fees helped bolster revenue.

Read more here from Investing.com. Today at 12:27 PM UTC

Jenny McCall

Jack Dorsey-led Block's shares fall amid concerns over Square profitability

Shares in Block (XYZ) fell 15% before the bell on Friday after the fintech company, which is owned by Jack Dorsey, the founder of Twitter, released earnings on Thursday which caused concern among investors due to Block's payment unit, Square, and its profitability.

Reuters reports:

Read more here. Today at 10:42 AM UTC

Jenny McCall

Honda's profit slips as Trump's tariffs take a toll on Japan automakers

The AP reports

Read more here. Thu, November 6, 2025 at 10:06 PM UTC

Grace O'Donnell

Sweetgreen stock falls as consumer spending on salad bowls slows

Sweetgreen (SG) missed earnings estimates as fewer consumers ordered salad bowls in the third quarter.

The company reported a net loss of $0.31 on $172.3 million in revenue, below expectations for a loss of $0.18 per share on $177.8 million, according to S&P Global Market Intelligence.

Traffic declined 11.7% year over year, which the company attributed to "a slowdown in consumer spending within the macroeconomic environment" and a shift in its loyalty program.

Additionally, the fast-casual restaurant chain announced the sale of Spyce, which created the Infinite Kitchen makeline, to Wonder for $186.4 million. Sweetgreen will continue to use Spyce's Infinite Kitchen technology in its kitchens as part of the partnership.

Sweetgreen stock fell over 8% in after-hours trading. Thu, November 6, 2025 at 9:51 PM UTC

Grace O'Donnell

Block earnings miss estimates, sending the stock tumbling

Jack Dorsey's Block (XYZ) reported earnings and revenue that missed Wall Street's expectations on Thursday, sending the stock 10% lower in after-hours trading.

In the third quarter, Block reported earnings per share of $0.54 on revenue of $6.11 billion. That's compared to estimates of $0.68 per share on revenue of $6.31 billion, according to S&P Global Market Intelligence.

The fintech company, known for its Square point-of-sale systems and Cash App, has increasingly been leaning into crypto and integrating bitcoin transactions into its services. In his shareholder letter, Dorsey said that Square bitcoin, which will enable merchants to accept bitcoin payments, will be rolled out this month.

In the third quarter, Square's gross profit rose 9% to $1.01 billion, while Cash App gross profit grew 24% to $1.6 billion.

For the full year, Block forecast gross profit of $10.24 billion, assuming year-over-year growth of 15%, which was slightly above its full-year outlook issued last quarter of $10.17 billion. Thu, November 6, 2025 at 9:35 PM UTC

Grace O'Donnell

Opendoor CEO pitches turnaround plan as the iBuyer reports a wider loss per share than expected

New Opendoor (OPEN) CEO Kaz Nejatian outlined a path to profitability on Thursday as the real estate iBuyer seeks to return to profitability.

The former Shopify COO, who joined Opendoor in September, laid out three objectives in the company's turnaround: transacting with more sellers, strengthening unit economics, and driving operational efficiency. Nejatian promised adjusted net income would break even by the end of 2026.

"We are refounding Opendoor as a software and AI company," Nejatian said. "In my first month as CEO, we've made a decisive break from the past — returning to the office, eliminating reliance on consultants, and launching over a dozen AI-powered products and features that demonstrate our renewed velocity. Our business will succeed by building technology that makes selling, buying, and owning a home easier and more joyful — not from charging high spreads and hoping the macro saves us.”

The strategy was presented along with Opendoor's third quarter results, which missed earnings estimates but beat on revenue.

Opendoor reported revenue of $915 million, its lowest quarterly revenue since Q4 2023 but above Wall Street's expectations for $882 million. A loss per share of $0.12 during the quarter was wider than the expected $0.07 loss, according to S&P Global Market Intelligence consensus estimates.

For the fourth quarter, Opendoor expects similar declines. The company stated that its adjusted EBITDA loss for Q4 2025 is expected to be in the high-$40 million to mid-$50 million range. Analysts estimated Q4 EBITDA at a loss of $41 million.

The stock has been one of the most active tickers this year, as retail investor and meme trade interest has sparked strong moves in the stock.

Thursday's post-earnings move was no different, as the stock fell 4% in after-hours trading. Year to date, shares of Opendoor have soared 324%, but the stock is down by 26% in the past month. Thu, November 6, 2025 at 9:21 PM UTC

Grace O'Donnell

Airbnb stock jumps as international bookings support solid revenue growth

Airbnb (ABNB) stock jumped 5% in extended trading as international bookings buoyed revenue growth in the third quarter.

Here's what the vacation rental company reported in its third quarter, compared to Wall Street estimates compiled by S&P Global Market Intelligence:

In terms of bookings, Airbnb said it saw mid-single digit growth in North America, while bookings grew by mid-single digits in Europe and the Middle East, low-20s growth in Latin America (particularly driven by Brazil bookings), and mid-teens growth in Asia Pacific.

Overall, Airbnb reported 133.6 million nights and seats booked during the quarter, a 9% increase compared to the same period a year ago.

"During Q3 2025, we saw relatively consistent booking behavior by our guests in terms of market type, travel corridor, and length of stay compared to the same prior-year period," the company said in a statement. "Average lead times were up slightly on a year-over-year basis, particularly in North America in part driven by the launch of our Reserve Now, Pay Later offering."

Listen to Airbnb's earnings call here at 5 p.m. ET. Thu, November 6, 2025 at 4:17 PM UTC

Grace O'Donnell

Under Armour posts net loss in its fiscal Q2. CEO says, 'We don't have a brand problem.'

Under Armour (UAA, UA) shares sank on Thursday after the athletic apparel retailer swung to a net loss in its second quarter and forecast declining revenue for its fiscal year 2026.

For the quarter, Under Armour reported a loss per share of $0.04 on revenue of $1.33 billion. Wall Street analysts were modeling for a loss of $0.02 on revenue of $1.30 billion, according to S&P Global Market Intelligence.

Net sales declined 4.7% year over year, driven by decreases in all categories, which the company attributed to "ongoing pressure from a challenging consumer demand environment." Under Armour expects revenue to decline 4% to 5% for the full fiscal year.

Apparel sales fell 1.1%, due to softness in the run, outdoor, and golf categories. Footwear sales fell 15.7%, and accessories sales dropped 2.8%, compared to the same period in 2024.

Gross margin also declined by 250 basis points to 47.3%, "mainly due to supply chain headwinds, driven by increased tariffs, and a less favorable channel and regional mix," the company said.

“We don't have a brand problem," Under Armour CEO Kevin Plank stressed on the company's earnings call. "And we don't believe we have a product problem. ... But we certainly have a story opportunity. We haven't connected those things. We put a shoe out there like the Assert. We just never told anybody why they should buy it."

Under Armour also announced that Samsonite executive Reza Taleghani will replace 21-year corporate veteran David Bergman as CFO in February 2026. Thu, November 6, 2025 at 2:28 PM UTC

Grace O'Donnell

Datadog forecasts strong fourth quarter earnings on AI-driven security demand

Reuters reports:

Read more here. Thu, November 6, 2025 at 1:24 PM UTC

Grace O'Donnell

ConocoPhillips posts earnings beat, raises dividend

ConocoPhillips (COP) stock advanced 0.9% in premarket trading on Thursday after the oil and gas company raised its full-year forecast for production and lowered its outlook for costs.

Adjusted earnings per share of $1.61 beat estimates of $1.41, according to S&P Global Market Intelligence. Conoco also raised its fourth quarter dividend by 8% to $0.84 per share.

The Houston-based company raised its 2025 production guidance to 2.375 MMBOED (millions of barrels of oil equivalent per day), compared to its prior guidance of 2.35 million to 2.37 million barrels of oil per day.

ConocoPhillips also lowered its full-year adjusted operating cost to $10.6 billion, compared to prior guidance of $10.7 billion to $10.9 billion. However, it updated the total project capital for the Willow project, which is an oil drilling site in Alaska, to $8.5 billion to $9 billion. Thu, November 6, 2025 at 1:05 PM UTC

Grace O'Donnell

Moderna reports a smaller-than-expected loss after considerable cost-cutting, stock rises 7%

Biotech company Moderna (MRNA) posted another net loss in the third quarter as COVID vaccine sales declined; however, the loss was much smaller than analysts expected, and the stock popped 6% in premarket trading.

The company reported revenue of $1 billion, a 45% decrease from the $1.9 billion in revenue it reported in Q3 2024. That was primarily driven by a substantial decrease in COVID vaccine sales and other product sales.

Moderna reported $971 million in COVID vaccine sales in Q3, with $781 million in US sales and $190 million in international sales.

That led to a loss per share of $0.51 for the quarter. However, Wall Street was expecting a much wider loss of $2.18 per share.

Moderna has been aggressively cutting costs. Its research and development expenses were down 30% year over year, while the cost of sales decreased 60%.

"We remain highly focused on operational excellence and financial discipline to advance our pipeline and expand the reach of our commercial portfolio," Moderna CEO Stéphane Bancel said in a statement.

For the full year, Moderna narrowed its revenue guidance range. It now sees 2025 revenue in a range of $1.6 billion to $2 billion. It previously guided for revenue to be between $1.5 billion and $2.2 billion. Thu, November 6, 2025 at 11:18 AM UTC

Jenny McCall

AstraZeneca holds forecasts as cancer, heart drugs lift earnings

Reuters reports:

Read more here. Wed, November 5, 2025 at 10:24 PM UTC

Brooke DiPalma

E.l.f. Beauty stock plummets after tariffs lead to disappointing fiscal year outlook

E.l.f. Beauty, Inc. (ELF) shares fell more than 21% in after-hours trading on Wednesday after the company posted a disappointing 2026 full-year outlook.

The company expects net sales to be in the range of $1.55 billion to $1.57 billion, below Wall Street's expectations of $1.65 billion, per Bloomberg consensus data. It also expects adjusted earnings in the range of $2.80 to $2.85, also far lower than the expected $3.53. It expects net sales growth of approximately 18% to 20%.

CFO Mandy Fields attributed the weaker outlook to tariffs, which "assumes that the 45% tariff rate stays in place for the remainder of our fiscal year."

On a call with investors, she said, "We estimate every 10 percentage points of incremental tariffs results in a $17 million growth impact to our cost of goods sold on an annualized basis before any mitigating actions."

She added, "While tariff rates remain volatile, we believe the lead time of our supply chain gives us greater visibility into our costs for the second half of the year."

The stock fell as much as 30% before paring some of those losses.

In the company's latest quarter, it posted mixed results. Adjusted earnings beat estimates at $0.68 per share, while revenue came in at $342.9 million, short of Wall Street's expected $365.7 million. Wed, November 5, 2025 at 10:02 PM UTC

Keith Reid-Cleveland

Figma raises annual revenue forecast on strong design software demand

Figma saw its shares rise along with its annual revenue forecast, which was boosted by the success of the company's AI tools and design software.

Reuters reports:

Read more here. Wed, November 5, 2025 at 10:00 PM UTC

Grace O'Donnell

Chime lifts 2025 revenue forecast on growth in digital banking users

Chime Financial (CHYM) reported annual revenue growth of 29% in the September quarter, highlighting resilient consumer spending on essentials in the US.

The fintech company, which provides digital consumer banking and payment services, including checking and savings accounts, reported revenue of $544 million. Chime also raised its full-year forecast as it sees a surge of new members.

Chime stock increased 5% in after-hours trading following the results.

Reuters reports:

Read more here. Wed, November 5, 2025 at 9:54 PM UTC

Grace O'Donnell

Duolingo stock plunges as soft bookings forecast overshadows revenue beat

Duolingo (DUOL) stock was crushed in extended trading as investors homed in on a softer-than-expected bookings forecast for the fourth quarter.

Reuters reports:

Read more here. Wed, November 5, 2025 at 9:48 PM UTC

Grace O'Donnell

Robinhood earnings top forecasts as crypto revenue jumps 300%, company announces CFO transition

Robinhood (HOOD) stock slipped after hours as the company's profit and revenue beats were tested by the stock's massive 280%-plus rally since the beginning of the year.

Yahoo Finance's Ines Ferré reports:

Read more here. Wed, November 5, 2025 at 9:41 PM UTC

Grace O'Donnell

Snap stock soars on Perplexity partnership, revenue and DAU beats

Snap (SNAP) stock soared over 22% after the tech company reported a revenue beat, issued a strong forecast, and announced a partnership with Perplexity AI (PEAI.PVT).

As part of that partnership, Perplexity will pay Snap $400 million starting in early 2026 to appear in the Chat interface for Snapchatters worldwide.

“Our goal is to make AI more personal, social, and fun – woven into the fabric of your friendships, Snaps, and conversations,” Snap CEO Evan Spiegel said. “This partnership reflects our shared vision for the power of AI to enhance discovery and connection on Snapchat, and we look forward to collaborating with more innovative partners in the future.”

For the third quarter, the company reported a $0.06 loss per share, versus a $0.12 loss estimated by Wall Street analysts, according to S&P Global Market Intelligence.

Revenue grew 10% year over year to $1.5 billion, compared to $1.49 billion estimated by analysts and $1.34 billion in Q2. It marked a deceleration from the 15.5% annual revenue growth in Q3 2024.

For the fourth quarter, Snap expects sales to be between $1.68 billion and $1.71 billion, also ahead of estimates.

Daily active users (DAU) grew 8% year over-year to 477 million. The company had guided for 476 million in Q3. Wed, November 5, 2025 at 9:29 PM UTC

Grace O'Donnell

AppLovin stock rises on earnings, revenue beat

AppLovin Corporation (APP) stock rose nearly 4% after the advertising technology company delivered consistent results across the board that beat Wall Street's expectations.

The stock has been highly volatile this year: It's up 91% year to date but has shed 9% over the past month after Bloomberg reported that the Securities and Exchange Commission opened an investigation into AppLovin's data-collection practices.

Here's what AppLovin reported for the third quarter, compared to analyst estimates compiled by S&P Global Market Intelligence.

For the fourth quarter, AppLovin expects revenue in the range of $1.57 billion to $1.6 billion. The company is expected to discuss its guidance further on the earnings call at 5 p.m. ET, which you can listen to here.

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