
Verizon (VZ) Q3 2026: Shares Slip as Revenue Misses
Verizon beat Q3 2026 earnings and raised its full-year profit outlook, but a $34.31 billion revenue miss pushed VZ shares lower in Monday premarket trading.
Daily Digest
Daily Digest

Markets reporter at Pomegra. Covering earnings, macro data, sector moves, and company news.

Verizon beat Q3 2026 earnings and raised its full-year profit outlook, but a $34.31 billion revenue miss pushed VZ shares lower in Monday premarket trading.

Jio Platforms listed at Rs 1,358, 21.36% above its Rs 1,119 issue price, after India's record $3.1B IPO drew 1.38 crore applications on Dalal Street.

Xylem shares fell 14% to a 52-week low after a Q3 2026 revenue miss and a lower full-year outlook, as project delays and cautious utility spending weighed.

Seagate (STX) shares fell about 7% after hours despite a Q1 beat and guidance above forecasts, underscoring sky-high expectations for AI storage stocks.

China's STAR50 index of AI and chip companies has lost 40% since June, erasing about $480 billion and ending the country's policy-driven technology rally.

EQT (EQT) agreed to buy Range Resources (RRC) in an all-stock deal worth more than $50 billion with debt, creating the largest vertically integrated US natural gas producer.

Bitcoin holds near $80,000 ahead of the Fed rate decision as whales turn bearish for the first time since June and the OCC approves Ripple's trust bank.

Trump floated 200% tariffs on Russia and Ukraine, then conceded US trade is too small to work, a week after waiving penalties on major Russian oil buyers.

Robinhood (HOOD) shares fell almost 5% after hours as Q3 2026 revenue of $1.42 billion met forecasts and the company trimmed its 2026 expense outlook.

NXP Semiconductors shares fell as much as 9% after hours as a $3.85 billion fourth-quarter revenue forecast only matched Wall Street expectations despite a third-quarter beat.

Royal Caribbean shares rose about 8% after Q3 adjusted EPS of $6.57 beat the $6.38 estimate and the cruise operator raised its 2026 earnings outlook.

Anthropic filed for a Nasdaq IPO under ticker ANT, showing $16.3B first-half revenue and an $80.7B net loss, with a listing planned for the week of Nov. 16.

Gold slipped toward $4,000 an ounce on Oct. 27 as a firmer U.S. dollar and 5% Treasury yields weighed on bullion before Wednesday's Fed rate decision.

Corning (GLW) beat Q3 2026 estimates with $0.91 core EPS on $5.08B sales and guided Q4 above forecasts as generative AI fiber sales more than doubled.

Whirlpool shares tumbled after hours as a Q3 2026 loss, a revenue miss and a third 2026 guidance cut pointed to a full-year loss on weak appliance demand.

PayPal shares slipped about 1% after the company raised its 2026 profit outlook despite a small third-quarter revenue shortfall, as cost cuts lifted earnings.

General Motors (GM) shares rose about 5% after it said it will move from the NYSE to Nasdaq on Nov. 17, making the automaker eligible for the Nasdaq-100 index.

SoFi stock rose about 11% after record Q3 2026 revenue of $1.39 billion, a raised full-year outlook and 2027 EPS guidance of $0.90 above Wall Street estimates.

Coca-Cola and UPS raised 2026 guidance while Boeing posted a wider core loss, as Visa reports after the close ahead of Microsoft and Alphabet on Wednesday.

Celestica (CLS) posted record Q3 2026 revenue of $5.83B, raised its 2026 outlook and set a $40B 2027 target, sending the AI infrastructure stock sharply higher.

JetBlue (JBLU) stock rose over 10% after hours despite a wider Q3 loss and a cut 2026 outlook, as the airline held to its goal of profitability in 2027.

Houthi missiles and drones set Saudi Arabia's Ras Tanura hub ablaze, keeping Brent near $116 as Saudi-Iran talks offer only partial relief to oil markets.

The Fed is expected to hold the fed rate at 3.75%-4% on Wednesday, but futures price a 73% chance of a December hike with the 10-year Treasury yield near 5%.

Elon Musk says 200+ AI neoclouds face "guppy-level death" as debt markets close, pressuring CoreWeave, Nebius and IREN shares and CoreWeave bonds near 16%.

Ross Stores shares rose about 3% premarket after UBS upgraded the retailer to Buy with a $315 target, citing a narrowing store productivity gap with TJX.

The yen is regaining safe-haven status as risk-off moves spread, with euro-yen eyeing 175 and dollar-yen 155 as France's fiscal and social strains weigh on the euro.

Microsoft, Alphabet and Amazon report earnings on Oct. 28-29 as investors look for proof that AI stocks' record capex is producing cloud revenue and profit growth.

SpaceX (SPCX) closed a record $40 billion GPU financing for Nvidia chips while its board and Tesla's weigh a merger, reshaping the AI stocks landscape.

Iran's Revolutionary Guards declared the Strait of Hormuz closed on October 26 as Saudi, Turkish and Pakistani officials met in Tehran, holding Brent near $115 a barrel.

Meta (META) launched $35B of stock offerings and plans a $60B at-the-market program in 2027 to fund AI, with Nvidia, AMD and Broadcom eyeing up to $5B.