All articles tagged with #q3 earnings
JPMorgan Chase reports Q3 earnings on October 13, 2026, with consensus estimates of $5.93 EPS and $51.23B revenue. Analysts watch net interest income, credit quality, and trading revenue to gauge if the bank can sustain profitability despite a 6.5% monthly stock decline and rising expense guidance.
U.S. equities traded mixed on Monday, with the S&P 500 rising 0.1% to 7,817.62, the Dow Jones gaining 0.5% to 51,901.87, and the Nasdaq Composite falling 0.2% to 27,309.26. Investors are focused on the upcoming release of third-quarter bank earnings and the Consumer Price Index (CPI) report. The 10-year Treasury yield remains near 24-year highs at 5.24%, while crude oil prices pulled back following an unconfirmed energy ceasefire announcement between Russia and Ukraine.
Delta Air Lines reported third-quarter results that missed Wall Street expectations, driven by a 60% spike in jet fuel costs. Despite raising fares by 15% to offset these expenses, the airline lowered its full-year profit forecast and free cash flow guidance. CEO Ed Bastian emphasized that consumer demand remains strong across all cabins, with 86% of available seats filled in the summer quarter, suggesting current high fares are sustainable through the holiday season.
Samsung Electronics reported a record third-quarter operating profit of 107.4 trillion won ($80.1 billion), up 782% year-over-year, driven by surging AI memory demand. Despite the historic high, shares fell 2.4% as results missed the top end of analyst forecasts. Revenue reached 195 trillion won, marking the fourth consecutive quarter of record profits. Detailed results are due October 29.
Airline profits are shrinking despite soaring fares due to persistent jet fuel costs driven by the Iran conflict and Strait of Hormuz disruptions. While U.S. carriers report double-digit revenue growth, analysts expect lower profit margins as airlines cut capacity and raise prices to cover expenses. Holiday fares have surged significantly, with Thanksgiving tickets up 31% year-over-year, while overall passenger volume remains slightly down but demand stays strong.
Rivian reported third-quarter vehicle deliveries of 19,248 units, exceeding Wall Street estimates and marking a 46% year-over-year increase. The company reaffirmed its 2026 delivery guidance of 65,000 to 70,000 vehicles, citing strong momentum from the new R2 SUV. While the broader US electric vehicle market faces headwinds, Rivian’s production ramp at its Normal, Illinois facility has accelerated, with Q3 production reaching 19,751 units. Analysts note that achieving full-year targets requires a significant fourth-quarter surge, though the introduction of the R2 Performance trim supports this trajectory despite delays in advanced driver-assistance features.
Carnival Corporation reported record third-quarter revenue and earnings, driving a 13% stock surge and lifting rivals Royal Caribbean and Norwegian. The rally coincided with falling energy prices, easing margin pressures for cruise operators.
Intuit posted a Q3 beat with revenue of $8.56 billion and adjusted earnings of $12.80 per share, led by strength in Global Business Solutions and Online Ecosystem, but the stock fell about 20% as investors priced in a weaker long‑term TurboTax outlook and a plan to cut 3,000 jobs (about 17% of the workforce) with $300–$340 million in restructuring charges. Management still raised full-year guidance, but flagged slower TurboTax growth ahead, with TurboTax Online units expected to decline ~2% and share of e-file tax returns to drop about a point, while TurboTax Live revenue is seen growing ~36% to $2.8 billion and paying users rising modestly.
Applied Digital fell about 8% after a Q3 beat, as investors weighed low-margin segment results and awaited major customer wins; analysts remain positive on execution and near-term lease potential with hyperscalers, with Needham maintaining a Buy rating and a $41 target, while potential Ready-for-Service dates and CRWV credit upgrades could improve the cost of capital.
American Eagle Outfitters stock surged over 19% after beating Q3 estimates with strong demand, raising analyst targets and expectations for the holiday season, amid a broader retail earnings week and increased holiday e-commerce spending.
On Holdings exceeded Q3 expectations driven by nearly doubled sales in Asia and strong performance in footwear, apparel, and accessories, and has raised its FY25 guidance.
An AI analyst has reduced the price target for BigBear.ai (BBAI) stock despite the company reporting a Q3 earnings beat, indicating cautious outlook despite strong quarterly performance.
Oklo, a nuclear startup valued over $15 billion with no revenues yet, reported a larger-than-expected Q3 loss but announced significant progress on major projects, including a DOE-approved facility and a prototype reactor expected by July 2026. Its shares surged, driven by optimism about nuclear energy's role in powering data centers and government backing, making it a standout performer among nuclear stocks. Meanwhile, retail investors are shifting focus from meme stocks to gold, with increased trading activity in gold ETFs.
CoreWeave's stock dropped 16.4% after reporting a Q3 earnings miss and announcing major AI partnerships with CrowdStrike and VAST Data, highlighting its efforts to expand in the AI cloud market despite ongoing losses, high debt, and reliance on few major clients, with varied investor valuations suggesting potential overvaluation.
Amazon received a 'Perfect 10' Smart Score from TipRanks due to strong analyst support, hedge fund buying, positive news sentiment, and technical signals. The company's robust Q3 earnings, driven by AWS and a new $38 billion AI partnership with OpenAI, along with institutional interest and positive technical indicators, contribute to the optimistic outlook and a strong buy consensus among analysts, with potential upside of over 21%.