The third quarter earnings season is wrapping up, with 91% of S&P 500 companies reporting positive results. Analysts expect a 13.1% jump in earnings per share, exceeding earlier estimates of 7.9%. Companies like Disney and Alibaba are still to report, with a positive trend in earnings growth expected.
Disney stock fell 3% after missing analyst estimates in Q4 revenue. However, strength in parks and streaming divisions offset declines in the TV business. Investors are closely watching CEO Bob Iger’s final stretch at the helm.
JD.com beat estimates with quarterly revenue, driven by sustained demand. SMIC reported a 29% profit increase, while Tencent exceeded expectations with a 15% revenue growth. Cisco Systems raised its annual forecast due to AI-driven demand.
CoreWeave stock dipped despite a surge in revenue fueled by AI demand. Venture Global saw a 260% revenue increase and a 430% rise in EPS year-over-year. Tyson Foods and Instacart reported strong earnings, while Monday.com stock tanked on a weak Q4 revenue outlook.
Read more at Yahoo Finance: Disney stock falls as revenue misses, Cisco surges, chipmaker SMIC rises
