Earnings live: Vertiv stock soars on upbeat outlook, Lyft and Robinhood shares tumble, Mattel plunges

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Kraft Heinz (KHC) announced connected Tuesday that it would intermission its spin-off plans, with the company's caller CEO, Steve Cahillane, saying that its "challenges are fixable and wrong our control."

The company, which was acceptable to rotation disconnected its repast business, Global Taste Elevation Co., and market concern North American Grocery Co., plans to put $600 cardinal crossed marketing, sales, probe and development, and pricing.

"We are assured successful the accidental up and judge this concern volition accelerate our instrumentality to profitable growth," said Steve Cahillane, who became CEO connected Jan. 1 and antecedently led Kellanova, which successfully divided from the Kellogg Company successful 2023.

Shares fell much than 6% successful premarket trading.

In its 4th fourth results, the institution reported adjusted net of $0.67, a bushed compared to the expected $0.61, per Bloomberg statement data. Revenue came successful somewhat little astatine $6.35 billion, compared with the $6.37 cardinal expected.

Prices accrued 0.5%, somewhat beneath expectations of a 0.79% increase.

For 2026, the institution expects integrated nett income to beryllium down 1.5% to 3.5%. Wall Street expected 2026 yearly integrated gross to beryllium down 0.56%. Adjusted net per stock are expected to beryllium successful the scope of $1.98 to $2.10, whereas Wall Street forecast $2.50.

Vertiv (VRT) banal surged 15% aft its 2026 fiscal forecast surpassed Wall Street's expectations, arsenic the information halfway marketplace booms, and integer infrastructure companies similar Vertiv purpose to support up with the demand.

For the afloat year, Vertiv expects its adjusted net per stock to accelerate, reaching $5.97 to $6.07. The Street was looking for adjusted net of $5.51 per share, according to S&P Global Market Intelligence.

"As we look to 2026, we expect this momentum to continue," Vertiv CEO Giordano Albertazzi said. "Our grounds backlog provides wide visibility into what we expect to beryllium different twelvemonth of important growth."

The upbeat outlook overshadowed an net miss successful the 4th quarter. Vertiv reported net of $1.14 per share, conscionable shy of estimates of $1.16. Net income reached $2.88 billion, astir successful enactment with estimates.

Shopify (SHOP) banal roseate 10% earlier the doorbell connected Wednesday aft forecasting quarterly gross supra Wall Street estimates.

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Mattel (MAT) reported top- and bottom-line misses connected Tuesday, sending shares 24% little successful extended trading.

In the 4th quarter, the toymaker reported net per stock of $0.34 connected gross of $1.76 billion. Wall Street analysts were looking for net of $0.51 connected gross of $1.83 billion, according to S&P Global Market Intelligence.

The banal besides sharply reacted to Mattel's 2026 guardant guidance, which disappointed.

In 2026, Mattel expects nett income to turn betwixt 3% and 6%. Adjusted net per stock are expected to beryllium successful the scope of $1.18 to $1.30, beneath 2025's net per stock of $1.41 and the Street's forecast of $1.68 per share.

"We achieved beardown topline maturation successful the 4th fourth and user request was affirmative successful each portion for some the 4th and afloat year, but December gross billings successful the U.S. ended up increasing little than expected," CEO Ynon Kreiz said successful a statement.

Lyft (LYFT) banal pulled backmost by much than 15% successful after-hours trading aft its archetypal 4th outlook and 2025 operating nonaccomplishment dented expectations of the company's comeback story.

In the 4th quarter, Lyft reported gross of $1.6 billion, missing expectations of $1.75 billion, according to S&P Global Market Intelligence. Gross bookings of $5.1 cardinal were up 19% twelvemonth implicit year.

For the afloat year, Lyft reported an operating nonaccomplishment of $188 million, whereas analysts expected a nett of $33.3 million.

For the archetypal 4th of 2026, Lyft guided for adjusted EBITDA (earnings earlier interest, taxes, depreciation, and amortization) of $120 cardinal to $140 million. The Street statement estimation was $147 cardinal for EBITDA.

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Robinhood (HOOD) reported better-than-expected net for the 4th quarter, but missed estimates connected respective different metrics, sending shares arsenic overmuch arsenic 9% little successful after-hours trading. Retail trading buoyed the institution during the quarter, offsetting weakness successful crypto revenue.

In Q4, the brokerage and banking level reported gross maturation of 27% twelvemonth implicit twelvemonth to $1.28 billion, compared to estimates of $1.3 billion, according to S&P Global Market Intelligence. Diluted net per stock came successful astatine $0.66, compared to estimates of $0.64 and $1.01 successful Q4 2024.

Robinhood CEO Vlad Tenev reiterated his ambition to marque Robinhood into a "Financial SuperApp." The institution has rolled retired banking services, banal tokens, crypto trading, and adjacent lawsuit contracts.

Yahoo Finance's Ines Ferré reports:

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Marriott (MAR) CEO Anthony Capuano said that, similar different question companies, the edifice concatenation is seeing a divergence crossed its lawsuit basal and spot chiefly successful the premium segment.

"I mean, determination is surely ... a K-shaped economical bifurcation of the consumer," Capuano said Tuesday. "We proceed to spot truly accordant spot crossed luxury for the afloat year."

Yahoo Finance's Brian Sozzi reports:

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Shares successful S&P Global (SPGI) began to excavation retired of a heavy post-earnings slump connected Tuesday, reversing a astir 20% nonaccomplishment arsenic executives spoke with analysts and investors connected the company's 4th fourth net call.

The company's shares initially plummeted connected Tuesday greeting aft S&P Global reported 2026 nett expectations beneath expert estimates, forecasting adjusted per-share nett of $19.40 to $19.65, against estimates of $19.94.

S&P Global besides reported adjusted net per stock astatine $4.30, missing expert estimates of $4.34 per share. Top-line gross for the 4th came successful astatine $3.916 billion, supra estimates of $3.91 billion.

Despite the reversal of losses connected Tuesday morning, shares successful S&P Global stay down by much than 20% connected the year. The institution has been caught successful the bundle assemblage sell-off that racked the marketplace done the archetypal week of February.

Datadog (DDOG) 4th fourth net bushed Wall Street estimates connected Tuesday, backed by rising request for unreality information amid the artificial quality boom. The banal surged astir 15% up of the opening bell.

Here's what the institution reported, compared to estimates compiled by LSEG:

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Coca-Cola (KO) hardly bushed net estimates arsenic it continues to spot beardown request from high-income consumers but weakness among low-income households.

Coke reported quarterly gross of $11.82 billion, versus estimates of $12.04 billion, according to S&P Global Market Intelligence. Net income accrued to $2.3 billion, oregon $0.58 per share. Wall Street's expectations for net per stock were a penny lower, astatine $0.57 per share.

The banal fell 4% successful premarket trading.

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Spotify (SPOT) reported coagulated net and gross that bushed expectations for the 4th quarter, pursuing terms hikes from the streaming institution and a alteration successful relation for laminitis Daniel Ek.

The banal jumped astir 10% successful premarket trading.

Earnings per stock of 4.43 euros ($5.27) came successful supra estimates of 2.78 euros ($3.31). Revenue of 4.53 cardinal euros ($5.35 billion) was besides somewhat supra estimates of 4.51 cardinal euros, according to S&P Global Market Intelligence.

Premium subscribers ​climbed 10% to 290 cardinal successful the 4th quarter.

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British vigor elephantine BP (BP) reported a $3.4 cardinal nonaccomplishment successful the 4th fourth and announced it volition suspend banal buybacks to amended its fiscal situation.

The banal fell astir 4% successful premarket trading connected Tuesday morning.

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Chegg's (CHGG) 4th fourth results were amended than expected, but net and gross declined from a twelvemonth agone arsenic the pupil level navigates disruption from artificial intelligence.

Chegg reported an adjusted nonaccomplishment of $0.01, which was narrower than the $0.10 nonaccomplishment Wall Street was expecting, according to S&P Global Market Intelligence. The institution reported net of $0.17 per stock successful the aforesaid 4th a twelvemonth ago.

Chegg's $72.66 cardinal successful income besides bushed the Street's estimation of $71 million. The archetypal 4th gross outlook, however, fell short. Chegg said it expects gross betwixt $60 cardinal and $62 million, whereas the Street was looking for $64 cardinal successful revenue.

Last October, Chegg announced wide layoffs and an assertive pivot to reskilling arsenic the institution looks to withstand greater contention from OpenAI's (OPAI.PVT) Alphabet (GOOG, GOOGL). The 2 companies person rolled retired caller survey tools for their AI chatbots, ChatGPT and Gemini, and Chegg has besides sued Google implicit its AI-generated hunt summaries, which person wounded traffic.

“We are reinventing Chegg astir the $40 cardinal skilling market, which we judge tin thrust double-digit maturation with beardown margins and currency travel successful the years to come,” Chegg CEO Dan Rosensweig said successful the Q4 net release. “We’ve organized the institution into 2 focused businesses: Chegg Skilling arsenic our maturation motor and our bequest Academic Services, which generates escaped currency travel that strengthens our equilibrium expanse and positions america to extremity 2026 debt-free with a important currency balance.”

Chegg banal fell 5% successful extended trading. Listen to the net telephone unrecorded here.

On Semiconductor (ON) banal skidded successful after-hours trading connected Monday, falling by 7%, aft the institution recorded little profits successful the 4th fourth than a twelvemonth agone but said it's seeing "signs of stabilization" successful its cardinal markets.

The chipmaker reported net per stock of $0.45 connected gross of $1.53 billion, missing net estimates of $0.59 per stock and falling beneath net per stock of $0.88 successful the aforesaid play a twelvemonth ago, according to S&P Global Market Intelligence. The company's 4th fourth gross was successful enactment with estimates.

The institution saw yearly income declines crossed each of its concern groups: Power Solutions, Analog & Mixed Signal, and Intelligent Sensing. Intelligent Sensing was the lone conception that saw income turn 4th implicit quarter, portion Power Solutions and Analog & Mixed Signal income fell 2% and 5%, respectively.

For the archetypal quarter, On Semiconductor expects gross successful the scope of $1.43 cardinal to $1.53 billion, which has a midpoint beneath the statement estimation of $1.5 billion. Adjusted diluted net per stock are expected to beryllium betwixt $0.56 and $0.66; Wall Street expects $0.61.

Kyndryl banal plummeted 42% successful premarket trading aft the IT infrastructure services supplier said it would hold filing its 10-Q study with the Securities and Exchange Commission and announced a alteration successful enactment successful the CFO position.

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