Earnings live: Circle stock slides as the stablecoin issuer's revenue jumps, On Holding stock surges

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Circle (CRCL) banal fell 5% earlier the doorbell connected Wednesday contempt beating Wall Street estimates for its 3rd 4th profit, connected the backmost of higher reserve income for its USDC arsenic stablecoin circulation rose.

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Foxconn (2317.TW, HNHPF) Taiwan's shares roseate 1% connected Wednesday aft the world's largest declaration electronics maker, offered a bullish outlook connected AI-related request saying it would beryllium a ​big operator of 2026 growth, and teased an announcement adjacent week with OpenAI (OPAI.PVT).

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Paramount Skydance (PSKY) reported 3rd 4th gross that came successful conscionable beneath Wall Street expectations, but the institution struck an upbeat code for what lies ahead, raising its cost-savings target, projecting stronger streaming profits, and signaling upcoming terms hikes for Paramount+.

Shares roseate 6% successful after-hours trading soon aft the results.

Revenue totaled $6.7 cardinal for the 4th ended successful September, somewhat shy of analysts’ $7 cardinal estimate, successful the company’s archetypal net merchandise since completing its merger with Skydance successful August.

PSKY CEO David Ellison said the institution present expects $30 cardinal successful full gross and $3.5 cardinal successful adjusted OIBDA for 2026, driven by a “healthy acceleration” successful streaming. The institution besides expects Paramount+ to beryllium profitable this twelvemonth and to turn that profitability successful 2026.

Direct-to-consumer gross jumped 17% twelvemonth implicit year, portion weakness successful TV Media offset those gains. Paramount+ gross climbed 24%, with full subscribers reaching 79.1 million.

Across the afloat quarter, Paramount reported $324 cardinal successful operating income and a nett nonaccomplishment of astir $257 million, though pre- and post-merger results aren’t straight comparable.

Paramount Skydance CEO David Ellison said the recently combined institution has taken “meaningful steps” to streamline operations, including a simplification of 1,000 employees from its workforce and plans to chopped an further 1,600 employees.

Paramount besides raised its efficiency-savings people to $3 billion, up from $2 cardinal previously.

On apical of its ratio goals, the institution besides plans to rise prices for Paramount+ aboriginal adjacent twelvemonth successful the US, portion of a broader propulsion to boost profitability and money caller contented and exertion investments.

The institution precocious announced upcoming terms increases successful some Canada and Australia.

Occidental Petroleum (OXY) bushed net estimates for the 3rd quarter, posting profits per stock of $0.65 connected gross of $6.6 billion. Wall Street analysts were looking for net per stock of $0.49 connected gross of $6.7 billion, according to S&P Global Market Intelligence.

While the company's profits came successful up of expectations, they marked a important diminution from the $0.98 net per stock the institution posted successful Q3 2024.

Oil and state pre-tax income was $1.3 cardinal for the 3rd 4th of 2025, a astir 11% summation twelvemonth implicit year, owed to higher crude lipid volumes and prices.

The banal fell somewhat successful after-hours trading.

Occidental Petroleum is simply a favourite of Warren Buffett's, who has built a involvement of astir 27% successful the institution implicit the years, making Berkshire Hathaway (BRK-B, BRK-A) Oxy's largest shareholder. In October, Berkshire acquired Oxy's chemicals arm, OxyChem, for $9.7 cardinal successful what is apt Buffett's past large woody for the conglomerate.

On Monday, Buffett announced helium is stepping distant from public-facing duties, specified arsenic penning Berkshire's yearly shareholder missive and speaking astatine the yearly meeting, arsenic the 95-year-old supports his successor, Greg Abel.

CoreWeave (CRWV) banal dipped pursuing the company's 3rd 4th results arsenic investors intimately watched the study for insights connected AI request trends.

In the 3rd quarter, the AI unreality supplier posted a nonaccomplishment per stock of $0.22 connected gross of $1.36 billion, compared to estimates for a wider nonaccomplishment per stock of $0.51 connected gross of $1.29 billion, according to S&P Global Market Intelligence.

Notably, CoreWeave's gross astir doubled from $583 cardinal a twelvemonth earlier. Additionally, the institution said it astir doubled its gross backlog to much than $55 cardinal arsenic it signs caller agreements to supply AI computing infrastructure.

The institution reported an adjusted operating borderline of 16%, versus a borderline of 21% successful the aforesaid 4th a twelvemonth ago.

The banal has been nether unit amid concerns astir AI valuations. Over the past month, shares person been down 23%. However, twelvemonth to date, the banal has rallied much than 170%.

CoreWeave is expected to supply much item and its fiscal guidance successful the company's net telephone opening 5 p.m. ET. You tin perceive to the telephone unrecorded here.

Shares successful Venture Global (VG) rallied by much than 6% successful midday trading connected Monday aft the liquified earthy state (LNG) shaper and exporter posted 3rd 4th revenues and net per stock that exploded implicit levels astatine the aforesaid clip past year.

Venture Global reported revenues of $3.3 cardinal successful the 3rd quarter, beating expert estimates and exceeding revenues from the aforesaid 4th past twelvemonth by 260% arsenic LNG export request successful the US has surged.

The institution posted adjusted net per stock of $1.50 for the quarter, soaring implicit expert expectations of $0.23 and coming successful much than 430% higher than levels successful the 3rd 4th of 2024.

"In my mind, the bonzer database of accomplishments achieved successful the past fewer months tells the communicative of Venture Global's unwavering committedness to streamline high-impact execution successful its maturation to date," laminitis and CEO Michael Sabel said connected the 3rd 4th net call.

In the US, which is already the world's largest exporter of earthy gas, capableness for liquefaction — the process of converting earthy state to an exportable liquid signifier — is expected to much than treble by 2029, according to a forecast from the Energy Information Administration surveying planned projects from immoderate of the country's starring exporters.

North American exports of LNG wide are besides expected to much than treble implicit the aforesaid period, according to the EIA. Venture Global is the second-largest exporter of earthy state successful the country, down Cheniere Energy (LNG).

Demand for earthy state is rapidly rising globally arsenic the merchandise takes up an expanding magnitude of the proviso stock for energy, traditionally dominated by oil. While the number of lipid rigs successful the US has fallen precipitously year-on-year, the number of earthy state rigs is up 18% implicit the aforesaid clip past year, according to the American Gas Association.

While prices stay beneath humanities highs successful the 2000s, futures connected earthy state (NG=F) are up much than 38% implicit the past period and expected to proceed rising done 2026 and 2027 arsenic request grows implicit the aforesaid period.

Tyson Foods (TSN) banal roseate this greeting aft the institution forecast a amended twelvemonth for sales.

In 2026, Tyson expects gross to summation betwixt 2% and 4%, driven higher pork and chickenhearted income but offset by an expected 2% diminution successful beef. The institution expects adjusted operating income to travel successful the scope of $2.1 cardinal to $2.3 cardinal for fiscal 2026.

"We expect cattle supplies to stay choky arsenic we determination into 2026," CEO Donnie King told investors connected its net call.

He added, "During this period, chickenhearted is apt to payment astir from changing user preferences arsenic consumers question retired affordable macromolecule amid higher beef prices."

Year to date, the banal has been nether unit and is down much than 9%, compared to the S&P 500's 14% gain.

For its 4th fourth report, the institution bushed connected the bottommost enactment with adjusted net of $1.15, much than the $0.84 expected by analysts. However, gross missed astatine $13.9 billion.

The mean terms alteration wide was up 6.4% connected the year, led by beef, up 17%, followed by pork, up 11.6% and prepared foods, up 4.70%. Chicken for the 4th was up conscionable 0.10%, but the thoroughfare expected it to diminution 1.4%. Volume maturation for the class accrued 3.7%, much than the 2% leap expected.

"We deliberation the spot of Chicken successful the 4th fourth is astir apt the main affirmative astonishment today," JPMorgan expert Thomas Palmer wrote successful a enactment to clients.

Overall measurement declined 1.6%, led by an 8.4% driblet successful beef.

Monday.com (MNDY) banal shed 20% successful premarket trading aft the cloud-based task absorption bundle shaper issued a softer than expected outlook.

For the December quarter, the institution expects $329 cardinal successful revenue, beneath the mean expert anticipation of $333 million, according to S&P Global Market Intelligence.

That overshadowed Monday.com's net beat, with profits tallying $0.25 per share, versus $0.18 expected. Revenue during the 3rd 4th besides came successful supra expectations, with the institution signaling $316 cardinal successful gross versus $312 cardinal estimated.

The banal was already nether pressure. Year to date, shares are disconnected by much than 19% earlier factoring Monday's premarket losses.

Maplebear Inc., doing concern arsenic Instacart (CART), reported beardown top- and bottom-line results arsenic online market orders surged successful the 3rd quarter.

GAAP net per stock of $0.51 topped Wall Street analysts' statement estimation of $0.50 per share, according to S&P Global Market Intelligence. Revenue jumped to $939 million, supra estimates of $933 million.

Instacart said its orders grew 14% twelvemonth implicit twelvemonth to 83.4 million, driving gross growth, adjacent arsenic the mean bid worth decreased 4% twelvemonth implicit year.

Transaction gross and advertizing gross some grew 10% to $670 cardinal and $269 million, respectively.

For the 4th quarter, Instacart expects adjusted EBITDA of $285 cardinal to $295 million, which has a midpoint higher than the Street's estimated $288 million.

Instacart banal popped implicit 8% successful premarket trading.

The highest information of the 3rd 4th net play is down us. To recap, investors heard from Robinhood (HOOD), Palantir (PLTR), AMD (AMD), Moderna (MRNA), Duolingo (DUOL), Snap (SNAP), and galore others, which you tin work much astir successful the blogs below.

In the adjacent week, Disney (DIS), CoreWeave (CRWV), Oklo (OKLO), and Paramount Skydance (PSKY) volition item the calendar.

Although determination person been immoderate melodramatic drawdowns successful idiosyncratic names truthful acold this net season, connected the whole, companies person reported much affirmative net surprises than antagonistic ones.

FactSet elder net expert John Butters has the study card: With 91% of S&P 500 companies having reported 3rd 4th results truthful far, 82% of companies person reported a affirmative net astonishment and 77% of companies person reported a affirmative gross surprise.

And the net maturation complaint for Q3 present appears connected way to summation from the 2nd quarter, astatine 13.1%.

As for the trends this season, immoderate are a continuation from past quarter. Tariffs proceed to beryllium apical of caput for firm leaders, and tech enthusiasm centered astir artificial quality continues to substance momentum, arsenic my workfellow Hamza Shaban alluded to earlier this week.

But different cracks person emerged. Several consumer-facing companies person noted that affordability and sentiment pressures are starting to instrumentality a toll. And mentions of the authorities shutdown person spiked, though successful galore cases conscionable for executives to iterate that they're seeing small to nary impact.

Constellation Energy (CEG) banal fell astir 6% up of the marketplace unfastened aft the vigor supplier reported net that missed expectations and narrowed its full-year operating net guidance.

In Q3, Constellation posted GAAP net per stock of $2.97, which missed expert estimates of $3.05, according to S&P Global Market Intelligence. However, gross of $6.57 cardinal exceeded analysts' mean estimation of $6.46 billion.

Constellation besides narrowed its full-year adjusted operating net guidance scope by $0.15 connected either extremity to a caller scope of $9.05–$9.45 per share. Previously, Constellation had been guiding for operating net guidance successful a scope of $8.90-$9.60 per share.

Constellation's atomic fleet produced 46,477 gigawatt-hours (GWhs) successful the 3rd quarter, compared with 45,510 GWhs successful Q3 2024, achieving a 96.8% capableness factor, compared with 95.% for the aforesaid play a twelvemonth ago.

Year to date, Constellation Energy's banal is up 57%.

Wendy's gross and same-restaurant income dipped successful the 3rd quarter, but the banal climbed 9% successful premarket trading, arsenic the declines weren't arsenic atrocious arsenic analysts feared.

In Q3, Wendy's reported gross of $549 million, a 3% diminution from the aforesaid play a twelvemonth agone but higher than the Street's estimation of $534 million, according to S&P Global Market Intelligence. Global same-restaurant income besides dropped by 3.7%, which was not arsenic steep arsenic analysts had anticipated.

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

Wendy's planetary concern helped offset declines successful US user spending, portion franchise fees helped bolster revenue.

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Shares successful Block (XYZ) fell 15% earlier the doorbell connected Friday aft the fintech company, which is owned by Jack Dorsey, the laminitis of Twitter, released net connected Thursday which caused interest among investors owed to Block's outgo unit, Square, and its profitability.

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Sweetgreen (SG) missed net estimates arsenic less consumers ordered crockery bowls successful the 3rd quarter.

The institution reported a nett nonaccomplishment of $0.31 connected $172.3 cardinal successful revenue, beneath expectations for a nonaccomplishment of $0.18 per stock connected $177.8 million, according to S&P Global Market Intelligence.

Traffic declined 11.7% twelvemonth implicit year, which the institution attributed to "a slowdown successful user spending wrong the macroeconomic environment" and a displacement successful its loyalty program.

Additionally, the fast-casual edifice concatenation announced the merchantability of Spyce, which created the Infinite Kitchen makeline, to Wonder for $186.4 million. Sweetgreen volition proceed to usage Spyce's Infinite Kitchen exertion successful its kitchens arsenic portion of the partnership.

Sweetgreen banal fell implicit 8% successful after-hours trading.

Jack Dorsey's Block (XYZ) reported net and gross that missed Wall Street's expectations connected Thursday, sending the banal 10% little successful after-hours trading.

In the 3rd quarter, Block reported net per stock of $0.54 connected gross of $6.11 billion. That's compared to estimates of $0.68 per stock connected gross 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 progressively been leaning into crypto and integrating bitcoin transactions into its services. In his shareholder letter, Dorsey said that Square bitcoin, which volition alteration merchants to judge bitcoin payments, volition beryllium rolled retired this month.

In the 3rd quarter, Square's gross nett roseate 9% to $1.01 billion, portion Cash App gross nett grew 24% to $1.6 billion.

For the afloat year, Block forecast gross nett of $10.24 billion, assuming year-over-year maturation of 15%, which was somewhat supra its full-year outlook issued past 4th of $10.17 billion.

New Opendoor (OPEN) CEO Kaz Nejatian outlined a way to profitability connected Thursday arsenic the existent property iBuyer seeks to instrumentality to profitability.

The erstwhile Shopify COO, who joined Opendoor successful September, laid retired 3 objectives successful the company's turnaround: transacting with much sellers, strengthening portion economics, and driving operational efficiency. Nejatian promised adjusted nett income would interruption adjacent by the extremity of 2026.

"We are refounding Opendoor arsenic a bundle and AI company," Nejatian said. "In my archetypal period arsenic CEO, we've made a decisive interruption from the past — returning to the office, eliminating reliance connected consultants, and launching implicit a twelve AI-powered products and features that show our renewed velocity. Our concern volition win by gathering exertion that makes selling, buying, and owning a location easier and much joyful — not from charging precocious spreads and hoping the macro saves us.”

The strategy was presented on with Opendoor's 3rd 4th results, which missed net estimates but bushed connected revenue.

Opendoor reported gross of $915 million, its lowest quarterly gross since Q4 2023 but supra Wall Street's expectations for $882 million. A nonaccomplishment per stock of $0.12 during the 4th was wider than the expected $0.07 loss, according to S&P Global Market Intelligence statement estimates.

For the 4th quarter, Opendoor expects akin declines. The institution stated that its adjusted EBITDA nonaccomplishment for Q4 2025 is expected to beryllium successful the high-$40 cardinal to mid-$50 cardinal range. Analysts estimated Q4 EBITDA astatine a nonaccomplishment of $41 million.

The banal has been 1 of the astir progressive tickers this year, arsenic retail capitalist and meme commercialized involvement has sparked beardown moves successful the stock.

Thursday's post-earnings determination was nary different, arsenic the banal fell 4% successful after-hours trading. Year to date, shares of Opendoor person soared 324%, but the banal is down by 26% successful the past month.