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  Title	Earnings live: Amazon stock soars, Apple CEO predicts 'best-ever' quarter; Exxon, Chevron post strong earnings
  ID	15891417
  External ID	8122069957
  Author	Unknown
  Published Date	Oct. 31, 2025, 8 a.m.
  Summary	Updated 1 min read In this article Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar. So far, the earnin
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  URL	https://ca.finance.yahoo.com/news/earnings-live-amazon-stock-soars-apple-ceo-predicts-best-ever-quarter-exxon-chevron-post-strong-earnings-115006428.html
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  Content ID	23727010
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  Content	Updated 1 min read In this article Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar. So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data , and analysts are expecting a 9.2% jump in earnings per share during the third quarter. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings growth reported in Q2 of this year. Expectations were slightly lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share during the third quarter. This week, five of the "Magnificent Seven" tech companies — Microsoft MSFT Alphabet GOOG Meta META Apple AAPL ), and Amazon AMZN ) — representing about a quarter of the S&P 500, report results. Other notable companies reporting updates this week include Boeing BA ), Visa ( V Starbucks SBUX ), UnitedHealth Group ( UNH ), Verizon ( VZ ), Mastercard ( MA Chipotle CMG ), Merck & Co. ( MRK ), Shell ( SHEL ), Exxon Mobil ( XOM ), Chevron ( CVX Coinbase COIN ), Caterpillar ( CAT ), ServiceNow ( NOW ), Anheuser-Busch InBev ( BUD ), and Eli Lilly ( LLY Here are the latest updates from corporate America. LIVE 126 updates Featured Grace O'Donnell Apple beats Q4 estimates on top and bottom lines, but iPhone revenue comes up short Apple ( AAPL ) fourth quarter earnings beat on the top and bottom lines, Yahoo Finance's Dan Howley reports, but its iPhone sales fell just short of analysts' expectations. The stock fell about 2% in extended trading. Here's what Apple reported for the fourth quarter, compared to consensus estimates compiled by Bloomberg: Earnings per share : $1.85, versus $1.77 estimated and $1.64 last year. Revenue: $102.5 billion, versus $102.1 billion estimated and $94.9 billion last year. iPhone revenue: $49.03 billion, versus $49.3 billion and $46.2 billion last year. Apple Inc. (AAPL) Howley reports: Apple's iPhone business, its most important, brought in $49.03 billion in revenue, shy of expectations of $49.3 billion. Apple's Services segment, it's second largest behind the iPhone business, saw revenue of $28.7 billion. Wall Street was antcipating $28.2 billion. The iPad and Mac segments saw revenue of $6.95 billion and $8.73 billion, respectively. Wearables revenue was $9 billion. Featured Grace O'Donnell Amazon stock spikes as AWS revenue jumps 20% year over year Amazon ( AMZN ) stock jumped 10% in the initial reaction to earnings as investors cheered AWS momentum and the Big Tech giant's earnings beat. Here's what Amazon reported compared to consensus estimates compiled by Bloomberg: Earnings per share : $1.95, versus $1.58 estimated and $1.43 last year. Revenue: $180.2 billion, versus $177.8 billion estimated and $158.9 billion last year. AWS revenue: $33 billion, versus $32.4 billion estimated. A 20% increase from $27.5 billion last year. "We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business," Amazon CEO Andy Jassy said in the release. "AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% YoY." Amazon.com, Inc. (AMZN) Jenny McCall Exxon posts strong earnings with production in Guyana and the Permian Basin picking up Exxon Mobil Corporation (XOM) The AP reports: Exxon Mobil ( XOM ) reported strong a strong third-quarter performance Friday, bolstered by strong Guyana and Permian Basin production. Exxon earned $7.55 billion, or $1.76 per share, for the period ended Sept. 30. It earned $8.61 billion, or $1.92 per share, in the prior-year period. Removing one time costs and benefits, earnings were $1.88 per share, which topped the $1.81 per share that Wall Street was looking for, according to a survey by Zacks Investment Research. Exxon does not adjust its reported results based on one-time events such as asset sales. Revenue totaled $85.29 billion, which was short of the $86.77 billion that analysts had projected. Third-quarter net production was 4.7 million oil-equivalent barrels per day. That was an increase of 1.1 million oil-equivalent barrels per day when compared with the second quarter. Jenny McCall Chevron beats estimates as Hess deal helps boost oil production Chevron Corporation (CVX) Bloomberg News reports: Chevron Corp. ( CVX ) beat earnings estimates as profits from the $53 billion Hess Corp. acquisition were included in the results for the first time, boosting oil production and cash flow. Adjusted, third-quarter earnings of $1.85 a share exceeded the $1.66 average forecast in a Bloomberg survey of analysts. Net income of $3.6 billion was 20% lower than a year earlier. The US driller joined European rival Shell Plc in posting stronger-than-expected results. International oil prices are on pace for the steepest annual drop in half a decade as OPEC and its allies increase supplies, taking the shine off the oil sector's fat, post-pandemic profits and US President Donald Trump's pro-industry regulatory regime. Low prices, high volatility and concerns over the future of fossil fuels mean energy now makes up less than 3% of the S&P 500 Index despite the US becoming the world's biggest producer of oil and natural gas. Grace O'Donnell Amazon CEO says layoffs 'not really financially driven' or attributable to AI On the company's earnings call, Amazon ( AMZN ) CEO Andy Jassy said the company's announcement that it would cut 14,000 corporate jobs was tied to overhiring, not artificial intelligence. "The announcement we made a few days ago was not really financially driven, and it's not even really AI driven — not right now, at least. It's culture," Jassy said (listen below). Later, he added: "We are committed to operating like the world's largest startup, and that means removing layers." Amazon was perhaps the most high-profile company to announce layoffs in recent weeks, though it's by no means alone. The staff reductions, occurring at the same time as rapid, large-scale AI investments by Big Tech, led many to speculate that the two were linked. While the unemployment rate has ticked up and job gains have slowed, Federal Reserve Chair Jerome Powell noted that the cooling in the labor market has been "gradual." Simultaneously, results from Big Tech companies in the last week highlight how AI spending continues to ramp up. "You're going to see us continue to be very aggressive in investing in capacity because we see the demand," Jassy told investors on the earnings call. Grace O'Donnell Apple CEO Tim Cook says December quarter revenue will be 'best ever' Apple stock ( AAPL ) turned higher, rising by about 3%, after CEO Tim Cook sounded bullish on the iPhone maker's earnings call. “We are incredibly excited about the strength we're seeing across our products and services, and we expect the December quarter's revenue to be the best ever for the company and the best ever for iPhone," Cook told investors. According to Cook, the iPhone 17 is facing supply constraints due to high demand. Grace O'Donnell Strategy stock rises after disclosing it strengthened bitcoin holdings Shares of strategy ( MSTR ), the company formerly known as Microstrategy, rose 3% after hours as the company's earnings call began. The company reported revenue of $128.7 million in the third quarter, a 10.9% increase year over year. Wall Street analysts were expecting revenue of $116.9 million. Diluted earnings per share of $8.42 beat estimates of $7.90 per share. The company led by bitcoin ( BTC-USD ) bull Michael Saylor was an early pioneer in the corporate movement of buying bitcoin and holding it in reserve. That model came under scrutiny, as the company's stock price was extremely volatile and fluctuated in tandem with crypto volatility. As of Oct. 26, Strategy held 640,808 bitcoins at a total cost of $47.44 billion, or $74,032 per bitcoin. On Oct. 30, bitcoin traded at around $107,489 per token. For the full year, Strategy expects diluted earnings per share of $80, well ahead of estimates for $42.29. Strategy Inc (MSTR) Grace O'Donnell Coinbase earnings beat estimates as crypto rally boosts trading volume Coinbase ( COIN ), the largest US-based crypto exchange, reported a jump in third quarter profit on Thursday as volatility in the market, which often benefits cryptocurrencies, boosted trading volumes. The stock rose less than 1% in after-hours trading. For the third quarter, Coinbase reported subscription and services revenue of 746.7 million. For the fourth quarter, the company expects this revenue to come in between $710 million and $790 million. Reuters reports: Coinbase's transaction revenue rose to $1.05 billion during the quarter, from $572.5 million a year ago. The company reported a net income of $432.6 million, or $1.50 per share, for the three months ended September 30, compared with $75.5 million, or 28 cents per share, a year earlier. Coinbase Global, Inc. (COIN) Grace O'Donnell Reddit's Q3 revenue beats estimates but user growth continues to slow Yahoo Finance's Laura Bratton reports: Reddit ( RDDT ) reported third quarter revenue ahead of Wall Street's forecasts on Thursday and said that its user growth slowed less than analysts expected. The social media platform said its revenue for the three months ending Sept. 30 came in at $585 million, ahead of the $549 million expected by Wall Street analysts tracked by Bloomberg. That marked a 68% increase from the year-ago period. Meanwhile, Reddit's daily active users rose 19% to 116 million during the third quarter from the same period last year. That was ahead of the 114 million expected by analysts, according to Bloomberg data. But it also represented a continued deceleration in user growth — a pattern that has concerned some on Wall Street . Reddit has reported five straight quarters of slowing growth in daily active users since its user figures jumped more than 50% in the second quarter of 2024. Reddit, Inc. (RDDT) Grace O'Donnell Earnings preview: Amazon to report Q3 earnings as Wall Street looks for improved AI growth Here's Yahoo Finance's Daniel Howley on what to expect from Amazon earnings: Amazon ( AMZN ) will report its third quarter earnings after the bell on Thursday as the tech giant looks to assure investors that its AWS is every bit the AI powerhouse as Microsoft's ( MSFT ) Azure and Google's ( GOOG GOOGL ) Google Cloud Platform. For Q3, Amazon is expected to post earnings per share (EPS) of $1.58 on revenue of $177.8 billion, according to Bloomberg consensus estimates. The company saw EPS of $1.43 and revenue of $158.9 billion in Q3 last year. AWS is expected to bring in $32.4 billion, up 18% from the $27.5 billion the segment generated in the third quarter of last year. Despite the broader market sentiment, Wedbush analyst Scott Devitt said things could be looking up for the company going forward. "We are constructive on the setup leading into the report given positive commentary around AWS growth, healthy trends for the core retail business, and strong advertiser demand," he wrote in a note to investors ahead of Amazon's earnings. Grace O'Donnell Earnings preview: Apple to report Q4 earnings after market cap touches $4 trillion Apple ( AAPL ) will release its fourth quarter earnings after the bell on Thursday, giving investors and analysts their first glimpse into how well the company's latest iPhones are selling just days after its market cap touched the $4 trillion mark, Yahoo Finance's Daniel Howley writes. Read Dan's preview of what to expect from Apple earnings after the bell on Wednesday: For the quarter, Apple is expected to report earnings per share of $1.77 on revenue of $102.1 billion, according to Bloomberg consensus estimates. That's up from the $1.64 and $94.9 billion the company saw last year. Apple's iPhone revenue is anticipated to come in at $49.3 billion, a 6.7% increase from the $46.2 billion the segment generated in Q4 2024. Importantly, Apple's fourth quarter accounts for a small portion of iPhone 17 sales, as the phones were only on sale for a few weeks ahead of the end of the financial period. Still, any revenue impact helps to provide guidance for the year ahead. Grace O'Donnell Cigna stock plunges after warning about margin pressure for pharmacy benefit services Cigna ( CI ) stock plunged more than 12% on Thursday after the health services company reaffirmed its profit guidance for 2025 but warned that its pharmacy benefit manager (PBM) segment would face margin pressures. Cigna CEO David Cordani said on the company's earnings call that its partners operating in government programs like Medicaid and Medicare are facing "significant financial and affordability pressures." Reduced government reimbursements and seniors utilizing more services through Medicare Advantage plans have created dual headwinds for health insurers this year. "As a result of these factors, we expect margin pressure within our Pharmacy Benefit Services segment over the next two years," Cordani said (PBMs manage prescription drug benefits for health insurance plans). For the third quarter, the medical care ratio (MCR) for Cigna's health insurance arm was 84.8%, slightly above analyst estimates and higher than its MCR of 82.8% a year ago. Cigna anticipates its MCR will be on the high end of its guidance range of 83.2% to 84.2% for the full year. Cigna reported earnings per share of $6.98 in Q3, beating estimates of $6.24, according to S&P Global Market Intelligence. Revenue also came in ahead, with the company bringing in $69.7 billion for the quarter. The Cigna Group (CI) Grace O'Donnell Altria earnings show fewer people buying cigarettes. The stock is down 7%. Tobacco company Altria ( MO ) expects its earnings growth to decelerate in the fourth quarter as fewer people are smoking cigarettes. The company said it expects earnings per share growth to "moderate" in the fourth quarter but did not issue specific Q4 guidance. Altria adjusted its EPS guidance for the full-year by raising the low-end of its previous outlook to a new range of $5.37 to $5.45, representing a growth rate of 3.5% to 5.0% from 2024. Altria has been working to shore up its share of the smoke-free market for products like nicotine pouches, which is the biggest area of growth as consumers shift away from traditional cigarettes. Volumes of its smokeable products, like Marlboro cigarettes, declined 8.2% in the third quarter. Overall revenue declined 3% year over year to $6 billion. Earnings per share of $1.45 grew 3.6%, matching Wall Street analyst estimates, according to S&P Global Market Intelligence. Altria stock dropped over 7% on Thursday following the results. Year to date, the stock is up 9%, versus a nearly 17% gain for the S&P 500 ( ^GSPC Altria Group, Inc. (MO) Grace O'Donnell Crocs stock jumps as footwear maker makes progess on turnaround Crocs ( CROX ) stock popped 7% in premarket trading on Wednesday after the footwear company said it's targeting $100 million in cost savings in an effort to turn things around after profits declined by double digits over the previous year. For the third quarter, Crocs' revenue decreased 6.2% year over year, led by a 14.7% decline in wholesale retail, which was marginally offset by a 1% increase in direct-to-consumer sales. Earnings per share of $2.92 also declined 18.9% year over year. Still, both revenue and earnings per share topped analysts' expectations for the quarter. The Street was looking for EPS of $2.36 and revenue of $961 million, compared to the $996 million it reported. Crocs, Inc. (CROX) Grace O'Donnell Hershey earnings fall year over year but beat Wall Street's expectations Hershey ( HSY ) reported an earnings beat and guidance raise on Thursday, but the stock fell around 1% in premarket trading. Earnings per share of $1.36 came in above expectations for $1.30 per share, according to S&P Global Market Intelligence. Revenue of $3.18 billion was above the $3.11 billion expected. The company said it expects $160 million to $170 million in tariff costs this year. The company is also grappling with soaring cocoa prices. Here's a look at net sales in each of Hershey's business segments: North America Confectionery: $2.61 billion, representing growth of 5.6% year over year North American Salty Snacks: $321 million, representing growth of 10% International: $244 million, representing growth of 12.1% Hershey sees full-year net sales growth of around 3%, up from its previous forecast of 2% growth. Year over year, Hershey expects earnings per share to decrease 36% to 37% in 2025. The Hershey Company (HSY) Jenny McCall Roblox lifts annual bookings forecast as viral games draw strong spending Roblox ( RBLX ) raised its annual bookings forecast for the third time this year, driven by strong in-game spending on titles such as "Steal a Brainrot", which has helped it surpass 150 million daily active users. Shares in Roblox fell 3% in premarket trading on Thursday. Roblox Corporation (RBLX) Reuters reports: Over the past few years, Roblox has been trying to expand the platform into a hub for socialization, advertising and ecommerce while also investing heavily into the core gaming segment. The strategy has made it one of the biggest winners in the videogame industry, with shares having more than doubled this year. Roblox's 70% increase in average daily active users — a key engagement metric — represents the company's biggest third-quarter jump in around five years. Grace O'Donnell Merck stock falls after company posts earnings beat, narrows guidance Merck ( MRK ) stock fell over 2% in premarket trading as the company's earnings beat was not enough to reassure investors, as the company braces for the expiration of key patents. The drugmaker reported earnings per share of $2.58 a share, topping Wall Street analysts' estimates of $2.35 per share. Revenue of $17.2 billion also beat estimates for $16.9 billion. Sales of Merck's blockbuster cancer immunotherapy drug Keytruda rose 10% to $8.14 billion, and sales of its hypertension drug Winrevair grew 141% to $360 million. However, Gardasil sales declined 24% to $1.7 billion. The company also said it received FDA approval for a version of Keytruda that patients can inject under the skin, as Merck barrels toward the 2028 expiration of its Keytruda patent. Merck now expects full-year sales to be between $64.5 billion and $65 billion, a narrower range than the $64.3 billion and $65.3 billion the company previously forecast. Earnings per share are expected to be between $8.93 and $8.98 for 2025, which is raised slightly. Merck & Co., Inc. (MRK) Jenny McCall Comcast slows internet, TV losses amid heavy promotion cycle Comcast ( CMCSA ) managed to slow subscriber defections in its third quarter. The media company was helped by an internet price-lock guarantee and bundled plans. Shares in Comcast rose by more than 1% before the bell on Thursday. Comcast Corporation (CMCSA) Bloomberg News reports: The Philadelphia-based media company lost 104,000 net broadband subscribers in the period, fewer than the loss of 140,000 predicted by analysts. The cable provider reported a net loss of 257,000 video subscribers, according to a statement on Thursday. That beat expectations for 321,000 customer departures and was the smallest loss in several years for the segment. Comcast's internet and cable TV businesses have been under pressure from changing consumer preferences as customers cut the cord in favor of streaming services and flock to fiber and 5G home internet plans offered by Verizon Communications Inc., T-Mobile US Inc. and AT&T Inc. The competition has forced Comcast management to respond on several fronts, including offering cheaper plans at slower speeds for low-income consumers. In April, Comcast introduced a new internet pricing program, including a five-year price guarantee. The company has also stepped up promotion of its Xfinity wireless phone service. Subscribers to the five-year internet plan get a free mobile line for one year. Under a long-running deal with Verizon and increasing use of its own infrastructure, Comcast is able to undercut its competitors with a lower-priced mobile offering. Jenny McCall Eli Lilly raises full-year forecast, as weight-loss drugs demand drives third-quarter beat Eli Lilly ( LLY ) stock rose 6% on Thursday before the bell after raising its full-year profit and revenue forecast as strong appetite for its widely popular weight-loss and diabetes drugs Zepbound and Mounjaro helped it beat third-quarter earnings estimates. Eli Lilly and Company (LLY) Reuters reports: Lilly competes with Novo Nordisk ( NVO ) for the top spot in the weight-loss drug market, which is poised to reach $150 billion by the end of the decade. Investors have been keenly awaiting latest results from the drugmaker amid sky-high expectations for its GLP-1 portfolio and growing concern over potential U.S. price negotiations. Since taking office in January, President Donald Trump has been striving to narrow the gap between U.S. and foreign drug prices. Under its "most favored nation" policy, the U.S. government will require drugmakers to charge patients in the country no more than in other wealthy nations. Jenny McCall Estee Lauder beats quarterly sales estimates The Estée Lauder Companies Inc. (EL) Estee Lauder ( EL ) beat Wall Street estimates for first-quarter sales on Thursday in a sign that CEO Stephane de La Faverie's turnaround push was beginning to take hold, sending its shares up about 5% in premarket trading. The Clinique and M.A.C owner, which had warned in August of a $100 million tariff hit, has been shifting production closer to key markets and reducing inventory and promotions to mitigate the rising costs that have crippled the broader retail industry. Recommended Stories
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  Publisher Name	Yahoo! Finance France (French) (#6018)
  Publisher URL	https://ca.finance.yahoo.com
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  Data Source Name	Quantexa News (#5)
  Data Source Type	news
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