The S&P 500 is on track for solid earnings growth in the fourth quarter, with a 13% increase in earnings per share estimated by Wall Street analysts, marking the 10th consecutive quarter of annual earnings growth.

Analysts initially expected an 8.3% jump in earnings per share, but this was revised upwards in recent months, particularly for tech companies that have been driving earnings growth.

Investors are closely watching results from companies like Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase this week.

Birkenstock shares fell 3% after missing revenue estimates for the first quarter, while Baxter stock sank 14% due to a forecasted annual profit below Wall Street estimates.

Restaurant Brands reported Q4 adjusted earnings and revenue beating estimates, while AppLovin beat quarterly revenue estimates.

Magnum Ice Cream’s stock fell 12% after reporting a 3% decline in sales for the fourth quarter earnings.

Equinix stock jumped over 9% after forecasting annual sales above estimates due to AI data center demand, while Cisco stock fell 5% after disappointing 2026 guidance.

McDonald’s sales exceeded forecasts, Shopify rose 10% on strong demand, and Humana forecasted 2026 profit below estimates.

Kraft Heinz paused plans to split into two companies, with shares falling over 6% in premarket trading.

Vertiv stock surged 15% after upbeat 2026 guidance, while Unity shares plummeted following a downbeat forecast.

T-Mobile added fewer wireless subscribers than expected, and Mattel stock fell 25% after a profit miss and disappointing 2026 guidance.

Lyft stock plunged on a surprise operating loss, Robinhood stock tumbled 7% after a revenue miss, and Marriott CEO mentioned a K-shaped economy.

Ferrari stock rose on an upbeat outlook, reflecting strong luxury demand amid economic divergence.

Read more at Yahoo Finance: Cisco stock drops after outlook disappoints, AppLovin sinks, Equinix surges