Anheuser-Busch InBev SA/NV

ABI.BR Q3 2026

Reported: 2026-11-02

The stock fell 1.5% after earnings, a roughly flat reaction. Results were mixed: revenue and EPS grew, but total volumes were nearly flat, margins were flattish, and China declined sharply.

Key takeaways

Revenue increased 4.9%, with revenue per hectoliter up 4.2%; total volumes grew 0.4%, while beer volumes were flattish.
EBITDA rose 3.9% with flattish margins, as increased sales and marketing investment and commodity headwinds were partly offset by revenue and cost management. EBIT increased 6%, and underlying EPS rose 22% to $1.21.
China revenue and volumes declined 16.8%. The company cited a challenging industry, including abnormal weather and continued weakness in the on-premise channel, and said its results remained below potential.
Regional performance was varied: Mexico delivered mid-single-digit volume growth and double-digit bottom-line growth; Brazil reported mid-single-digit top- and bottom-line growth, while Europe’s volumes were flat.
BEES GMV increased 12% to $15.9 billion; GMV from third-party products rose 45% to $1.4 billion. The board approved an interim dividend of €0.40 per share.

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Agnico Eagle Mines Limited

AEM Q3 2026

Reported: 2026-11-02

The stock fell 9.7% after Agnico said full-year production is tracking to the lower end of guidance and costs to the upper end, while quarterly cash costs were 1% above the top of guidance. The near-term outlook leaves little room for operating upside, despite the company’s longer-term growth plans.

Key takeaways

Q3 gold production was 814,000 ounces, at the midpoint of adjusted quarterly guidance; year-to-date production was approximately 2.5 million ounces.
Cash costs were $1,133 per ounce, 1% above the top end of quarterly guidance; all-in sustaining costs were $1,648 per ounce. Management expects full-year costs within the upper end of guidance.
Free cash flow was $852 million; adjusted net income was approximately $1.3 billion, or $2.62 per share, and adjusted EBITDA was approximately $2.5 billion.
Elevated diesel prices added more than $30 per ounce to cash costs relative to budget. Diesel represents approximately 11% of operating costs.
Agnico invested approximately $1.6 billion in development capital year-to-date. It targets 20%–30% production growth over the next decade, with four projects forecast to add 1.3 million–1.5 million ounces annually by the mid-2030s.

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Aston Martin Lagonda Global Holdings plc

AML.L Q3 2026

Reported: 2026-11-02

Aston Martin shares fell 1.8% after earnings, a roughly flat reaction. The company reiterated its 2026 guidance, while results benefited from Valhalla Coupe deliveries and lower capital expenditure; free cash outflow remains a key focus, with management expecting the full-year figure to be not far from the H1 level.

Key takeaways

Year-to-date revenue rose 38% year over year, primarily driven by Valhalla Coupe deliveries; total ASP increased 25%.
Year-to-date gross margin improved to 35%. Adjusted EBITDA rose £125 million year over year, and adjusted EBIT improved 22% despite a 48% increase in D&A.
Free cash outflow nearly halved year to date versus the same period in 2025, mainly reflecting stronger operating performance and lower capex. Liquidity entering Q4 was around £320 million.
2026 guidance is unchanged: core wholesale volumes similar to last year, 500 Valhalla Coupe deliveries, gross margin in the high 30s, adjusted EBIT margin improving towards breakeven, and materially improved free cash outflow.
Valhalla Coupe is nearly sold out. Management expects the combined Coupe and Spider total to be slightly above 999 cars, with the Spider around one-quarter of the total and priced about 20% above the Coupe.

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Amazon.com, Inc.

AMZN Q3 2026

Reported: 2026-11-02

Amazon’s shares fell 1.4% after earnings, a roughly flat reaction. Revenue and operating income grew, while AWS accelerated; the transcript excerpt does not establish a specific disappointment behind the move.

Key takeaways

Revenue was $201.9 billion, up 12% year over year; operating income was $28.1 billion, up 61%.
AWS grew 39.3%, accelerating for the sixth consecutive quarter and reaching its fastest growth in nearly five years.
AWS backlog was $578 billion, growing at a triple-digit rate year over year, according to management.
Bedrock token volume grew nearly 17x year over year; Fortune 500 companies spent nearly 7x more on the service.
Management highlighted higher memory costs and significant depreciation tied to AWS investment, while saying AI-side margins are improving.

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Amerigo Resources Ltd.

ARREF Q3 2026

Reported: 2026-11-02

Amerigo shares fell 4.4% after earnings, despite production ahead of management’s internal target and cash costs below annual guidance. The transcript points to a likely concern that the quarter’s earnings and substantial shareholder returns were supported by a much higher realized copper price and strong molybdenum by-product credits, rather than an improvement in the underlying operating outlook; no new guidance increase was announced in the excerpt.

Key takeaways

MVC produced 17 million pounds of copper in Q3, with 98.1% plant availability; year-to-date production of 48.2 million pounds was 76% of annual guidance and ahead of the company’s internal target.
Q3 cash cost was $1.55 per pound; year-to-date normalized cash cost was $1.66, below annual guidance of $1.98. Management said strong molybdenum prices contributed significantly to the by-product credit.
Q3 net income was $22.7 million, EBITDA was $48 million, and free cash flow was $28.1 million. The average recognized copper price was $6.55 per pound, versus $4.54 in Q3 2025.
Amerigo returned $27.8 million to shareholders in Q3 and $69.5 million in the first nine months. Including a performance dividend paid in October, 2026 returns reached $93.9 million; the board also declared a four-cent Canadian quarterly dividend for December.

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AptarGroup, Inc.

ATR Q3 2026

Reported: 2026-11-02

Aptar gained 5.0% after earnings, as 5% core sales growth across all three segments and adjusted EPS at the higher end of guidance likely reassured investors. The quarter also showed areas to watch: emergency medicine destocking weighed on Pharma growth, while Beauty’s North American profitability remains below management’s standard.

Key takeaways

Core sales grew 5% across all three segments; adjusted EBITDA margin was 21.3%, within the company’s long-term target range.
Pharma growth continued to be affected by lower emergency medicine sales, though management cited broad-based demand across end markets.
Beauty posted top-line growth, particularly in prestige fragrance and color cosmetics, but management said North American margin performance needs improvement.
Closures delivered double-digit core sales growth; management said margins would have been within the long-term target range absent the impact of indexation.
Aptar highlighted a broad Pharma development pipeline, including nasal drug programs in Phase III and Phase II, and ophthalmic and inhalation initiatives; many opportunities remain in development and may take time to contribute.

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Banco Bilbao Vizcaya Argentaria, S.A.

BBVA.MC Q3 2026

Reported: 2026-11-02

BBVA shares fell 6.2% after earnings, suggesting investors focused on pressure in the capital ratio rather than the bank’s record profits and strong revenue growth. CET1 declined to 12.21% from 12.41% pro forma in June, as earnings generation was more than offset by capital consumed by growth, lower risk-transfer impact and negative market effects.

Key takeaways

Net attributable profit reached €3 billion-plus for the quarter, up 19.1% year over year; nine-month profit was a record €9.07 billion, up 13.6%.
Net interest income grew 16.5% year over year and 5.7% quarter over quarter in constant terms. Gross income rose 15.7% year over year.
Loan growth accelerated to 12% in Mexico and remained strong at 7.3% in Spain; management cited activity growth as a driver of NII.
Nine-month expenses rose 16% against 16.3% gross-income growth; the efficiency ratio improved 9 basis points to 37.9%.
Asset quality metrics were described as stable, with cost of risk at 144 basis points for the first nine months.

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Church & Dwight Co., Inc.

CHD Q3 2026

Reported: 2026-11-02

Church & Dwight’s shares rose 1.2% after Q3 results. Organic sales and adjusted EPS came in above the company’s outlook, while U.S. TOUCHLAND growth remained below original expectations and management flagged ongoing inflation and transportation-cost pressures.

Key takeaways

Net sales increased 1%; organic sales grew 5.1%, versus company outlook for a 1% decline and 3% growth, respectively. Volume contributed 4.6% and price/mix 0.5%.
Gross margin was 46.8%, up 170 basis points; adjusted EPS was $0.92, up almost 14% and above the $0.89 outlook.
U.S. Consumer organic sales rose 4.4%. ARM & HAMMER Cat Litter consumption grew 5.4%, with share up 0.6 points to 24%; THERABREATH gained 3.5 share points to a record 26.8%.
International organic sales grew 7.8%, while SPD organic sales rose 5%; global e-commerce revenue increased 20% and represented 25.9% of total consumer sales.
Management said U.S. TOUCHLAND sales growth had slowed from original expectations amid competition in channels where the company did not compete. It also cited inflationary and transportation-rate pressures.

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Coinbase Global, Inc.

COIN Q3 2026

Reported: 2026-11-02

Coinbase shares fell 10.6% after earnings, as a 10% quarter-over-quarter decline in spot trading volume underscored continued weakness in a key revenue driver. Prediction markets and derivatives helped offset that pressure, but total revenue was flat quarter-over-quarter rather than growing.

Key takeaways

Crypto spot trading volume declined 10% quarter-over-quarter; prediction-market growth offset the drop, leaving revenue flat quarter-over-quarter.
Prediction markets, launched in February, surpassed a $200 million annualized revenue run rate in the third quarter.
Prediction markets and derivatives together made up about 25% of transaction revenue.
Subscription services accounted for roughly 49% of total net revenue, highlighting Coinbase’s revenue diversification.

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CRH plc

CRH Q3 2026

Reported: 2026-11-02

CRH shares rose 4.7% after the company raised its full-year Adjusted EBITDA outlook to $7.8–$8.0 billion and pointed to positive 2027 trends. The update came despite flat year-over-year Q3 Adjusted EBITDA and an 80-basis-point margin decline.

Key takeaways

Q3 revenue increased 3% year over year to $11.4 billion, supported by pricing, demand in key markets, and acquisitions.
Adjusted EBITDA was $2.7 billion, in line with the prior year; margin was approximately 24%, down 80 basis points. CRH cited significant cost inflation, particularly in energy, raw materials, and haulage.
Americas Materials Solutions revenue rose 6% and Adjusted EBITDA rose 1%. In Essential Materials, aggregates volumes increased 2% and pricing was up 5% (6% on a mix-adjusted basis); cement pricing fell 2%.
CRH announced a $6 billion share buyback program through the end of 2030. It also completed the $8.5 billion Arcosa acquisition and invested a further $1.9 billion in 27 acquisitions year to date.
The company expects Velocity to deliver $400 million of annual Adjusted EBITDA run-rate benefits by the end of 2028.

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Dominion Energy, Inc.

D Q3 2026

Reported: 2026-11-02

Dominion reported third-quarter operating earnings of $1.28 per share and expects full-year results in the top half of its original guidance range. Shares rose 2.3%, a roughly flat reaction, so the result is best read as steady execution rather than a clear market-moving beat.

Key takeaways

Third-quarter operating EPS was $1.28, including $0.05 from RNG 45Z credits and $0.05 from better-than-normal weather; GAAP EPS was $1.30.
Management now expects full-year results in the top half of its original guidance range, citing year-to-date sales, weather and 45Z credit benefits, while reaffirming other existing financial guidance.
LTM weather-normal electric sales growth was 3.4% across DEV and DESC; DESC also set a new all-time electric peak in August.
Data-center capacity in various contracting stages exceeded 54 GW, including more than 12 GW under electric service agreements; contracted capacity has increased over 6 GW, or 13%, since year-end.
Dominion and NextEra outlined an expanded Virginia benefits package, but regulatory review remains ongoing: rebuttal testimony was due November 2, hearings begin November 17, and a final order is due January 11.

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Darling Ingredients Inc.

DAR Q3 2026

Reported: 2026-11-02

The stock was roughly flat, down 0.6% after earnings. Results included substantial year-over-year improvement, but the quarter also had timing and accounting-related headwinds in core ingredients and operational, logistics, and hedging impacts at DGD.

Key takeaways

Combined adjusted EBITDA was $514 million, versus $245 million in Q3 2025; net income was $267 million, or $1.67 per diluted share, versus $19 million, or $0.12, a year earlier.
Core ingredients EBITDA was approximately $340 million, at the high end of prior-quarter guidance, but declined sequentially. Management attributed about $30 million of the gap to expectations to incentive accruals and inventory/accounting adjustments, with the inventory items expected to reverse in Q4.
DGD generated $204 million of EBITDA on 315 million gallons sold, at an average margin of about $1.30 per gallon. The quarter faced a hydrogen outage, delayed SAF shipment, feedstock timing, and hedging impacts; management expects Q4 production of approximately 325 million gallons.
Net debt fell by approximately $420 million during the quarter. Darling also received $171 million in DGD cash distributions from dividends and PTC sales.

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DCM Shriram Limited

DCMSHRIRAM.NS Q2 2027

Reported: 2026-11-02

DCM Shriram’s Q2 commentary was mixed: the stock was nearly flat, down 0.3% after earnings. Chemicals faced volatile input and product prices, while PVC volumes and realizations improved; management also flagged rural and agricultural risks from El Niño and low reservoir storage.

Key takeaways

Chlor-alkali utilization was 89%; lower caustic prices were partly offset by improved chlorine realization.
Advanced materials saw sharp price swings, high-cost inventory liquidation and temporarily deferred customer demand; management said conditions had largely stabilized.
PVC volumes and realizations improved meaningfully, supported by policy measures and a weaker rupee, though monsoon-related construction weakness and cautious trader bookings weighed on demand.
The company commissioned a 100-tonne-per-day aluminium chloride plant, taking capacity to 250 tonnes per day, and partially commissioned its calcium chloride plant at 50% of capacity.
Announced investments include a 40 MWp solar plant at Kota for ₹145 crore, ₹120 crore of caustic debottlenecking, and ₹133 crore of specialty-compounds capacity at its JV.

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DexCom, Inc.

DXCM Q3 2026

Reported: 2026-11-02

Dexcom’s shares rose 3.0% after earnings. Revenue grew 11% year over year, with 14% growth in the U.S., while the company highlighted continued U.S. share gains and progress toward broader CGM access.

Key takeaways

Third-quarter revenue increased 11% year over year on both a reported and organic basis.
U.S. revenue grew 14%; Dexcom said it gained share, with the largest increase among customers with type 2 diabetes, including those not on insulin.
Dexcom expects a CMS decision on type 2 non-insulin coverage this year. Its CONNECT trial found a 0.9% A1c difference between the CGM and control groups over six months.
G7 15 Day adoption built during the quarter; Dexcom remains on track to convert nearly 50% of its U.S. customer base by year-end.
Dexcom reported a 4- to 5-point improvement in 15 Day survivability as the updated adhesive rolls out.

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Enerflex Ltd Common Shares

EFXT Q3 2026

Reported: 2026-11-02

Enerflex shares fell 5.5% after earnings, suggesting investors focused on execution and outlook risks rather than record bookings: the call gave no updated financial guidance, while the company is expanding capacity to meet a large, growing backlog. The transcript highlights strong demand but does not quantify the near-term earnings or cash-flow contribution from those awards.

Key takeaways

Engineered Systems booked approximately $1 billion in Q3; nine-month bookings reached approximately $2 billion, and management said it is on track to exceed $3 billion for 2026.
Backlog reached $2.1 billion, with visibility through 2028. It includes a contract for approximately 450 megawatts of behind-the-meter gas-fired power generation; the broader power-generation backlog exceeds 1.75 gigawatts.
U.S. contract compression utilization was 94%, with fleet size at approximately 521,000 horsepower. Enerflex continues to target customer-supported fleet growth of 10%–15% in 2026.
Management cited healthy cash generation and continued demand, but also emphasized disciplined, risk-adjusted project selection and ongoing investment in Engineered Systems capacity.
Enerflex completed the divestiture of most Asia-Pacific operations, narrowing its geographic focus; the call excerpt provided no financial impact from the transaction.

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FedEx Corporation

FDX Q1 2027

Reported: 2026-11-02

FedEx’s roughly flat 1.1% post-earnings move points to a broadly neutral market reaction: the company raised its calendar 2026 outlook, but the excerpt provides limited detail on the factors investors may weigh against that improvement.

Key takeaways

Q3 revenue rose 12% year over year, while adjusted operating income increased 16%.
Express U.S. Domestic revenue grew 10% and adjusted operating income 7%; Express International revenue grew 17% and adjusted operating income 52%.
FedEx raised and tightened its CY 2026 adjusted EPS outlook to $18–$18.60 and expects approximately $4 billion in adjusted free cash flow.
Network 2.0 is routing nearly 65% of eligible volume through about 630 optimized stations; FedEx still targets nearly $1 billion in Network 2.0 and associated One FedEx savings by year-end.
The company repurchased $2 billion of stock since June and said its European transformation remains on track for a $650 million revenue improvement in international adjusted operating income by end-2029.

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Flex Ltd.

FLEX Q2 2027

Reported: 2026-11-02

Flex shares rose 11.6% after earnings. The quarter delivered record EPS of $1.18, accelerating revenue growth and margin expansion across all three segments, with RMS and ITS growth and CPI’s rapid expansion adding to the upside.

Key takeaways

Revenue growth accelerated, and EPS reached a record $1.18; management said margins expanded across all three segments.
RMS and ITS grew 16% combined, marking their fourth consecutive quarter of year-over-year growth.
CPI revenue grew 54% year over year, with margin expansion of more than 200 basis points.
Flex is advancing its planned spin-off of Cloud and Power Infrastructure, now named Axiom; the segment’s results cited on the call are before the separation.
Flex said Axiom’s acquisition of EPC Power strengthens its portfolio and complements work on 800-volt architecture and solid-state transformers.

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Fortum Oyj

FORTUM.HE Q3 2026

Reported: 2026-11-02

Fortum’s shares fell 2.2% after the report, a broadly muted reaction. Comparable operating profit rose modestly, but EPS was flat and the achieved power price edged down year on year despite higher realized market prices.

Key takeaways

Q3 comparable operating profit was €102 million, up €5 million year on year; comparable EPS remained €0.08.
Achieved power price declined to €45.5/MWh from €46.1/MWh, while the realized market price rose to €46/MWh from €36.7/MWh. Fortum attributed the lower achieved price to reduced physical value creation and a high hedge ratio.
Outright generation increased by 0.7 TWh to 9.8 TWh. Higher nuclear output was partly offset by weaker hydro conditions and hydro volumes allocated to future periods.
Operating cash flow increased slightly to €134 million, and net debt to comparable EBITDA was 1.4x.
Fortum settled its Elmera tender offer for approximately €463 million, securing nearly 92% of the company’s issued and outstanding share capital; consolidation was expected from 31 October.

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First Quantum Minerals Ltd.

FQVLF Q3 2026

Reported: 2026-11-02

First Quantum’s shares fell 8.8% after the results, with investors likely focused on lower 2026 production guidance and the expectation that lower grades at Kansanshi will persist into next year. The outlook is tempered by slower-than-planned stripping at Southeast Dome and continued acid sales, which also affect copper production.

Key takeaways

Third-quarter copper production was approximately 109,000 tonnes, up 8% from the second quarter; sales were 110,000 tonnes, partly helped by volumes carried over from Cobre Panama.
2026 copper guidance was narrowed to 175,000–185,000 tonnes, while gold guidance was lowered to 95,000–105,000 ounces, reflecting performance to date.
At Kansanshi, production rose to approximately 46,000 tonnes. S3 remained above design capacity, but delayed stripping at Southeast Dome is expected to keep grades lower into next year.
Kansanshi sold 70,000 tonnes of surplus sulfuric acid in the quarter; the company expects the acid sales initiative to continue into 2027, affecting copper production.
At Sentinel, production fell by about 1,000 tonnes quarter over quarter to approximately 49,000 tonnes as lower grades outweighed improved throughput; access to higher-grade areas was delayed by lower mining volumes during a shovel overhaul.

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GE HealthCare Technologies Inc. Common Stock

GEHC Q3 2026

Reported: 2026-11-02

GE Healthcare’s shares rose 6.6% after earnings, as revenue and adjusted EPS growth, margin expansion, and a higher full-year outlook pointed to better-than-expected performance. Orders growth was more measured at 4%, against a strong prior-year comparison.

Key takeaways

Revenue was $5.5 billion, up 6.2% organically, with growth across all segments; reported product and service revenue grew 6.7% and 8.1%, respectively.
Adjusted EBIT margin expanded 180 basis points to 16.6%; adjusted EPS rose 25.1% to $1.34.
Organic orders grew 4%, versus 5.7% growth in the year-ago quarter; book-to-bill was 1.03x, and backlog reached $23.7 billion, up 12% year over year.
Free cash flow was $793 million, up $310 million from the prior year.
Management raised full-year 2026 guidance, citing business momentum; margin tailwinds included volume and price/cost actions, while memory-chip inflation and higher oil prices remained headwinds.

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Alphabet Inc.

GOOG Q3 2026

Reported: 2026-11-02

Alphabet’s shares fell 12.3% after earnings, suggesting investors focused on execution risks despite rapid growth—particularly Google Cloud’s capacity constraints as demand surges and the challenge of converting AI usage into monetization. The transcript highlights momentum, but offers limited detail on the financial outlook.

Key takeaways

Alphabet revenue grew 25% year over year; management cited a $0.5 trillion annual run rate.
Google Cloud revenue grew 103%, driven by AI infrastructure and solutions, but the company said it is working to bring more capacity online to meet demand.
Search query growth was the highest in five years, while queries in AI Mode were on average 3x longer than traditional searches; management said it is focused on building the experience before monetization.
First-party model APIs processed nearly 32 billion tokens per minute, up 40% from last quarter and more than 4x a year earlier. The Gemini app reached 1 billion users.
YouTube Music and Premium surpassed 150 million subscribers globally, including trials; Waymo now operates in 15 major U.S. cities.

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Incyte Corporation

INCY Q3 2026

Reported: 2026-11-02

Shares were nearly flat after earnings, down 0.1%. Incyte reported 14% revenue growth and broad-based product sales growth, while Jakafi sales grew more slowly than underlying demand amid pricing dynamics.

Key takeaways

Total revenue was $1.56 billion, up 14% year over year; total net sales were $1.32 billion, also up 14%.
Jakafi net sales rose 4% to $827 million, while underlying demand increased 12%; the company cited expected pricing dynamics, including the CMS GENEROUS Model.
Core net sales excluding Jakafi were $490 million, up 30%. OPZELURA sales increased 36% to $255 million, or 21% on a pro forma basis adjusting for a prior-year Medicaid line-extension settlement.
The company said Jakafi formulary coverage is expected to exceed 80% by year-end and maintained its goal of retaining 10%–30% of the Jakafi business by 2029.
Incyte cited ongoing reviews for frontline MONJUVI and povorcitinib in HS, and expects first-line MF data for 989 by year-end.

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Invitation Homes Inc.

INVH Q3 2026

Reported: 2026-11-02

Invitation Homes’ third-quarter results were mixed, with improving renewal growth offset by negative new-lease growth and operating expenses rising faster than revenue. Shares were roughly flat, down 0.4% after earnings.

Key takeaways

Same-store blended rent growth improved to 3% from 2.7% in Q2 and 1.6% in Q1; renewal growth was 4.3%.
New-lease rent growth turned negative at 0.2%, down from positive 1.2% in Q2, though management said it was in line with normal seasonality.
Same-store NOI grew 1.1% year over year: core revenue rose 1.6%, while core operating expenses increased 2.5%.
Occupancy averaged 96.4%, and turnover edged down 10 basis points to 6.2%.
Core FFO per share rose 2.4% to $0.48. The company had repurchased nearly $1 billion of stock, or 6% of shares outstanding, and authorized a new $500 million repurchase program.

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Jyske Bank A/S

JYSK.CO Q3 2026

Reported: 2026-11-02

Jyske Bank reported higher year-on-year EPS excluding value adjustments and growth in interest and fee income, while Q3 EPS was slightly below the unusually high level a year earlier. Shares rose 2.7%, a roughly flat reaction.

Key takeaways

EPS excluding value adjustments increased 14% year-on-year; Q3 EPS was DKK 21, slightly below Q3 2025, which benefited from high trading income.
Net interest income grew 4% quarter-on-quarter, driven by higher volumes and deposit margins. Management said the June and September rate hikes should add to NII in Q4 and into 2027.
Fee and commission income rose 12% year-on-year in Q3, supported by higher AUM and mortgage refinancing; core expenses increased 1% over the quarter.
AUM was up 12% year-on-year, while personal mortgage loans grew 9% year-on-year. Deposits were flat after several quarters of strong growth.
The bank raised its 2026 net profit guidance on 12 October to DKK 4.7–5.2 billion (DKK 78–87 per share). CET1 was 15.7%, stable quarter-on-quarter.

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Lear Corporation

LEA Q3 2026

Reported: 2026-11-02

Lear’s third-quarter results showed modest growth and margin improvement, with revenue up 2% despite a 2% decline in weighted industry production. The stock rose 0.9%, a roughly flat reaction.

Key takeaways

Revenue was $5.8 billion, up 2% year over year; Lear said it grew about 4 percentage points above its weighted market.
Core operating earnings were $256 million, up 6%, marking a fourth consecutive quarter of year-over-year improvement.
Adjusted EPS was $3.71, up 33%; management said robust share repurchases helped accelerate the increase.
Operating cash flow was $329 million and free cash flow was $158 million.
Total-company operating margin expanded 20 basis points year over year. E-Systems margin expanded 60 basis points, including 120 basis points of net performance; the transcript cuts off before giving the full Seating margin detail.

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Markel Corporation

MKL Q3 2026

Reported: 2026-11-02

Markel’s shares rose 1.4%, a roughly flat reaction, as the quarter showed growth in adjusted operating income and ongoing insurance premiums alongside continued reserve releases and share repurchases. The call also highlighted selective underwriting pullbacks and a $1.2 billion adverse development cover for legacy exposures.

Key takeaways

Adjusted operating income increased 14% to $707 million; adjusted operating income per share rose 15%.
Ongoing insurance premiums grew 9%, and the combined ratio was 91.9%, including 3 points from Global Re run-off.
Results were mixed across insurance lines: U.S. Wholesale and Specialty premiums fell 3% as Markel pulled back in construction-related casualty and softer property markets; International premiums rose 45%, and Programs and Solutions’ combined ratio improved to 87.0% from 94.2%.
Industrial adjusted operating income rose 29% on 10% organic revenue growth; Financial rose 30%. Net investment income increased 5% to $258 million.
Markel repurchased $315 million of shares in the quarter and $685 million year-to-date. Its agreement with Enstar provides $1.2 billion of adverse development protection for Global Re and certain other exited lines.

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Norwegian Air Shuttle ASA

NAS.OL Q3 2026

Reported: 2026-11-02

Norwegian reported a third-quarter EBT of NOK 2.5 billion, broadly in line with the underlying result a year earlier, while the stock rose 2.7%—a roughly flat reaction. Passenger growth and operational performance were positives, but Norwegian yield was down 1% year over year and Widerøe saw softer load factors and passenger numbers.

Key takeaways

The group carried 8.8 million passengers, up 4%; Norwegian passenger numbers rose 5% and Widerøe’s rose 2%.
Norwegian load factor was 88.5%, up 0.2 percentage points, while yield fell 1%; management said a stronger Norwegian krone contributed a 3% negative yield effect.
Widerøe reported NOK 242 million in EBIT, but passenger numbers and load factor were marginally down, and the company was disappointed with its corporate market after the summer.
Punctuality was 80.7% at Norwegian and 93.5% at Widerøe. The group maintained its full-year guidance for flat CASK versus 2025.
Quarter-end liquidity was NOK 11.2 billion, up NOK 700 million, and the equity ratio was 20.6%.

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Nabors Industries Ltd.

NBR Q3 2026

Reported: 2026-11-02

Nabors’ shares rose 10.5% after earnings, as third-quarter adjusted EBITDA of $246 million exceeded management’s expectations and free cash flow supported further debt reduction. The outlook is mixed: Saudi suspensions are reducing SANAD’s rig count, while newbuilds and growth opportunities elsewhere offer partial offsets.

Key takeaways

Nabors redeemed $100 million of debt during the quarter, advancing its gross-debt reduction plan.
Saudi Arabia is expected to be a near-term headwind: SANAD’s active rig count has fallen from 56 to 53, with two more suspensions scheduled; including a planned newbuild, the company expects to end the year with 52 rigs.
SANAD brought its 17th newbuild rig into service in the quarter and plans to deploy its 18th in the fourth quarter. Discussions on the fifth tranche of the newbuild program are ongoing.
In Argentina, Nabors operates 14 owned rigs plus one under an O&M contract, holds a 33% market share, and is evaluating 10 additional opportunities.
Canrig delivered four TITAN automated rig-floor wrenches in the quarter, with backlog exceeding 20 units; Nabors also expanded its geothermal work and investment.

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PBF Energy Inc.

PBF Q3 2026

Reported: 2026-11-02

PBF’s shares rose 3.1% after earnings. The quarter featured a $1.2 billion reduction in net debt and management’s view that tight product supply supports refining margins, while fourth-quarter throughput guidance is 925,000–985,000 barrels per day.

Key takeaways

Third-quarter throughput averaged approximately 924,000 barrels per day, in line with company guidance.
Net debt fell by more than $1.2 billion during the quarter and by more than $2 billion year to date.
Management cited a New York Harbor 2-1-1 crack spread averaging nearly $65 per barrel in the quarter, versus about $26 a year earlier.
Fourth-quarter throughput is expected to range from 925,000 to 985,000 barrels per day; Martinez and Paul turnarounds were completed in October, within budget and industry benchmark targets.
The refining business improvement program generated more than $230 million in run-rate cost improvements included in 2026 plans; PBF expects that figure to exceed $350 million by year-end 2026.

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PPG Industries, Inc.

PPG Q3 2026

Reported: 2026-11-02

PPG’s shares rose 4.4% after earnings, as investors appeared to favor record third-quarter adjusted EPS of $2.25, 5% organic sales growth and margin expansion in key segments. Results were not uniformly strong: European architectural volumes declined, and fourth-quarter organic sales outlooks called for modest growth.

Key takeaways

Net sales increased 7% year over year to $4.4 billion; organic sales rose 5%, including 2% volume growth. Adjusted EPS was up 6% to a third-quarter record of $2.25, with adjusted EBITDA margin above 18%.
Performance Coatings organic sales grew 8%, including 5% volume growth. Segment EBITDA rose 21%, and margin expanded 220 basis points to 23.9%.
Global Architectural Coatings organic sales increased 2% as higher prices offset lower European volumes. Segment EBITDA grew 19%, with margin up 300 basis points to 24%.
Aerospace delivered double-digit organic sales growth, with its order backlog near $300 million. PPG expects more than $2 billion in aerospace sales this year and plans over $500 million in capacity and productivity investments.
Management expects fourth-quarter organic sales to range from flat to low-single-digit growth in Global Architectural Coatings, and low- to mid-single-digit growth in Performance Coatings; both segments expect year-over-year margin expansion.

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Rivian Automotive Inc. Class A Common Stock

RIVN Q3 2026

Reported: 2026-11-02

Rivian’s shares rose 6.2% after earnings, as investors appeared to reward 38% year-over-year revenue growth and the R2 ramp, which made R2 the company’s best-selling vehicle by volume in the quarter. The picture is mixed: consolidated gross profit was positive, but adjusted EBITDA remained deeply negative.

Key takeaways

Revenue was $2.155 billion, up 38% year over year; consolidated gross profit was $176 million, an 8% margin.
Adjusted EBITDA loss was $435 million, with management citing higher spending to scale sales, marketing and service and invest in autonomy.
Rivian produced 19,751 vehicles and delivered 19,248; both figures were in line with management’s expectations. R2 accounted for the largest vehicle volume.
Automotive revenue rose 36% to $1.55 billion, driven primarily by a 46% increase in deliveries and $81 million in regulatory credits; lower average selling prices from a higher R2 and commercial van mix were a partial offset.
The company has started a second R2 production shift and expects its manufacturing run rate to increase over coming quarters; a general release of the Point to Point autonomy feature is planned for 2027.

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Rocket Companies, Inc.

RKT Q3 2026

Reported: 2026-11-02

Rocket shares rose 7.4% after the company reported adjusted revenue of $2.6 billion, near the midpoint of guidance, and adjusted EBITDA of $748 million as margins expanded to 29%. The positive reaction came despite a sharply tougher mortgage backdrop, with management citing share gains and higher margins as evidence of improved resilience.

Key takeaways

Adjusted net income was $419 million, or $0.15 per adjusted share; adjusted EBITDA margin reached its highest level in nearly five years.
The rate environment deteriorated during the quarter: the 10-year Treasury rose 80 basis points to 5.3%, mortgage rates rose more than 80 basis points to 7.3%, and refinance applications fell more than 50% year over year.
Management said the company gained purchase and refinance share both sequentially and year over year. More than 70% of revenue this year comes from sources it describes as less rate-sensitive.
Servicing generated more than $1 billion in quarterly fees, while recapture across the combined portfolio reached a company high in Q3.
Digital accounted for more than 40% of direct-to-consumer refinance applications; those leads converted at four times the rate of other channels.

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Banco Santander, S.A.

SAN Q3 2026

Reported: 2026-11-02

Santander shares fell 5.8% after earnings, despite growth in profit and revenue. The transcript offers no explicit guidance cut or clear explanation for the selloff; Argentina-related loan-loss provisions and the outlook for EV incentives are potential pressure points, but neither is identified as the cause of the market reaction.

Key takeaways

Underlying profit for the first nine months reached a record €11.2 billion, up 14% year on year in constant euros.
Revenue rose 7%, with net interest income up 8% and fees up 7%; costs declined excluding TSB and Webster.
Efficiency improved by almost 2 percentage points, while underlying RoTE rose to 16% and CET1 stood at 12.7%.
Loan-loss provisions remained affected by Argentina; Santander said provisions in the rest of the group grew broadly in line with organic portfolio growth.
In the U.S., profit was up 24% year on year excluding Webster, while the transcript also noted that U.S. electric-vehicle tax incentives had ended.

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Societe Generale Societe anonyme

SCGLY Q3 2026

Reported: 2026-11-02

Société Générale’s shares fell 1.5% after earnings, a roughly flat reaction. The quarter showed higher revenue and profitability, while results were uneven across businesses, with Mobility, International Retail Banking and Financial Services declining as Ayvens’ used-car sales results continued to normalize.

Key takeaways

Q3 revenue rose 7.8% year over year, or 8.4% at constant perimeter and exchange rates; net income reached a quarterly record of €1.9 billion and ROTE was 13%.
French Retail, Private Banking and Insurance revenue increased 10.9%, supported by 12.7% growth in net interest income; Global Banking and Investor Solutions revenue rose 12.5%, with record equities performance.
Mobility, International Retail Banking and Financial Services revenue fell 4.3% at constant perimeter and exchange rates, driven by lower used-car sales results at Ayvens.
Costs increased 0.8%, while the cost-to-income ratio improved to 57.1% from 61% a year earlier. Cost of risk was 28 basis points, within the 25–30 basis-point guidance range.
CET1 stood at 13.4% after the completed €1.5 billion share buyback; liquidity reserves were €358 billion, and the LCR was 145%.

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SanDisk Corp.

SNDK Q1 2027

Reported: 2026-11-02

Sandisk shares fell 13.5% after earnings, despite reporting results above its guidance. The transcript provided does not identify a specific disappointment; with the reaction so negative, the headline figures alone do not explain the selloff.

Key takeaways

Fiscal Q1 revenue was $11 billion, non-GAAP gross margin was 85.1%, and non-GAAP EPS was $49.51; management said results were above guidance.
Adjusted free cash flow was $5.7 billion, and Sandisk returned $5 billion to shareholders through share repurchases.
Management described data-center demand as strong and said the segment continued to outpace the broader market; it estimated data center has grown to roughly half of industry bits.
Sandisk taped out its first High Bandwidth Flash memory die, with fabrication underway; samples of the first HBF-based products remain on track for next calendar year.
Management cited growing AI-related NAND demand and customer signals extending beyond fiscal 2030, but the transcript excerpt does not provide a quantified outlook or explain the market’s negative reaction.

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TFI International Inc.

TFII.TO Q3 2026

Reported: 2026-11-02

TFI shares fell 17.0% after earnings, with the likely pressure point being a troubled U.S. LTL business: management said it was unhappy with 2026 results and expects major improvement only in 2027. Consolidated and truckload results improved, but the LTL outlook remains a clear weak spot.

Key takeaways

Adjusted diluted EPS was $1.67, up nearly 40% year over year; operating income rose 17% to $180 million, and consolidated operating margin expanded 80 basis points to 9.7%.
Truckload operating income nearly doubled to $100 million, with an adjusted operating ratio of 86.7%, a 560-basis-point year-over-year improvement.
LTL revenue was roughly flat at $678 million; its adjusted operating ratio was 91.3%. Management described U.S. LTL performance in 2026 as unsatisfactory and pointed to major improvement in 2027.
Logistics revenue rose 19% to $437 million, while operating income increased 59% to $49 million; margin improved to 11.3% from 8.4%.
Year-to-date free cash flow exceeded $440 million and leverage ended September at 2.1x. Management’s updated outlook included full-quarter adjusted EPS of $1.30–$1.40 and a slight LTL operating-ratio decline of up to 100 basis points.

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TotalEnergies SE

TTE.PA Q3 2026

Reported: 2026-11-02

TotalEnergies’ third-quarter results benefited from unusually supportive commodity markets and strong operating performance; the stock rose 2.2% after earnings, a roughly flat reaction. Production grew, while record refining margins and higher throughput lifted downstream performance.

Key takeaways

Oil and gas production increased more than 3% quarter over quarter despite an average 5% impact from the Middle East crisis.
Refining throughput rose nearly 10%; management said refineries ran at full capacity and refining margins reached record levels.
Operating costs were $4.7 per barrel, below $5, and power net production increased more than 20%, partly reflecting the EPH JV assets.
Management said LNG portfolio flexibility offset lost Qatar volumes, allowing the company to meet customer deliveries without declaring force majeure.
The CEO cited higher oil, product, gas and electricity prices and anticipated strong gas-trading results in Q4, making the quarter’s outlook notably dependent on supportive market conditions.

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United Microelectronics Corporation

UMC Q3 2026

Reported: 2026-11-02

UMC shares fell 7.2% after earnings, despite record wafer shipments and higher utilization. The likely concern is that Q4 guidance points to only low-single-digit shipment growth, with gross margin merely comparable to Q3, tempering the upbeat demand commentary.

Key takeaways

Q3 revenue rose 8% sequentially to TWD 74.24 billion; gross margin improved to 34% from 32.5%, and EPS was TWD 1.32.
Wafer shipments increased 7.3% to more than 1.2 million 12-inch-equivalent wafers, a record; utilization climbed to 92% from 85%.
Q4 guidance calls for low-single-digit shipment growth, firm U.S.-dollar ASP, gross margin comparable to Q3, and utilization in the low-90% range.
22/28 nm made up about 35% of revenue; 22 nm alone reached 18.3% of wafer sales. Management also cited growing advanced-packaging and silicon-photonics demand.
The board approved approximately $3.2 billion in additional capital expenditure to accelerate expansion; UMC’s 2026 cash-based CapEx budget remains $2 billion.

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Vulcan Materials Company

VMC Q3 2026

Reported: 2026-11-02

Vulcan’s shares rose 5.8% after the company reaffirmed its expectation for approximately $2.4 billion in 2026 adjusted EBITDA despite a muted demand environment and more than $100 million of expected energy headwinds. The quarter also showed pricing gains and margin expansion, though aggregate shipments fell 3% year over year.

Key takeaways

Q3 adjusted EBITDA was $707 million, with adjusted EBITDA margin expanding 20 basis points year over year.
Aggregate shipments declined 3% year over year; management said seasonally adjusted momentum was similar to Q2.
Mix-adjusted average selling prices rose 5%. Aggregates cash gross profit per ton expanded modestly, while unit cash costs excluding diesel increased 3%.
Management cited approximately $40 million of Q3 energy-cost headwinds and expects more than $100 million for the full year.
Through nine months, Vulcan generated nearly $1 billion in operating cash flow, returned approximately $950 million to shareholders, and reported net debt leverage of 1.9x.

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WEC Energy Group, Inc.

WEC Q3 2026

Reported: 2026-11-02

WEC shares rose 3.7% after earnings, as the company lifted its 2026 EPS outlook and announced a 26% larger five-year capital plan tied to higher forecast electric demand. The investment ramp supports long-term growth, though much of the plan depends on very large customer demand.

Key takeaways

Q3 diluted EPS was $1.18, up from $0.83 a year earlier; management cited warmer-than-normal weather, capital-plan execution, and operating efficiency.
WEC raised and narrowed 2026 EPS guidance to $5.60–$5.64, from $5.51–$5.61, assuming normal weather for the rest of the year.
The 2027–2031 capital plan is $47.5 billion, up $10 billion, or more than 26%, from the prior plan; the company expects 13.4% annual asset-based growth and 7%–9+% annual EPS growth over that period.
Forecast electric demand growth for 2026–2031 increased by 1 gigawatt to 4.9 gigawatts. WEC expects 3.2 gigawatts of demand in the I-94 region and 1.3 gigawatts at the Vantage site through 2031.
The higher plan includes $6.8 billion more for natural-gas generation and $1.2 billion more for ATC transmission projects; planned solar and wind investment is down $1.9 billion from the prior plan, partly reflecting work completed in 2026.

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W&T Offshore, Inc.

WTI Q3 2026

Reported: 2026-11-02

W&T Offshore’s results were mixed, and the stock was roughly flat at +0.5% after earnings. Production and cash generation were supported by workovers and lower downtime, while the company raised 2026 capital spending and noted that Q3 realized prices fell 8% from Q2.

Key takeaways

Q3 production averaged 38,200 BOE/d, 4% above the high end of guidance; the company said workovers and a recompletion added more than 2,000 BOE/d.
Adjusted EBITDA was over $51 million, and free cash flow was $33 million. For the first nine months, Adjusted EBITDA totaled $164 million, up 50% year over year, and free cash flow totaled $89 million.
W&T reported a GAAP net loss of $13.6 million, or $0.09 per share, including almost $16 million in hedging losses.
Net debt fell 20% quarter over quarter to $160 million; cash was over $190 million, and trailing-12-month net debt to Adjusted EBITDA was 0.9x.
The company raised its 2026 capital-spending outlook to $35 million–$38 million, while keeping ARO guidance at $34 million–$42 million. Q3 realized price was $46.13/BOE, down 8% from Q2 but up about 20% from Q3 2025.

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TotalEnergies SE

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W&T Offshore, Inc.

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