The greater part of third quarter earnings results is behind us, though notable reports from CoreWeave (CRWV), The Walt Disney Company (DIS), and Alibaba (BABA) lie ahead.
So far, the Q3 earnings season is off to a positive start. As of Nov. 7, 91% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 13.1% jump in earnings per share during the third quarter. If that figure holds, it would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.
Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.
Source: FactSet
Last week, investors heard from tech and AI players such as Palantir (PLTR), AMD (AMD), Supermicro (SMCI), and Constellation Energy (CEG), as well as from Uber (UBER), Spotify (SPOT), Snap (SNAP), and Airbnb (ABNB).
This week, quarterly results will arrive from The Walt Disney Company, Applied Materials (AMAT), CoreWeave, Occidental Petroleum (OXY), Rocket Lab (RKLB), Oklo (OKLO), Cisco Systems (CSCO), and Alibaba (BABA), among others.
Here are the latest updates from corporate America.
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Tyson Foods stock pops as fiscal 2026 outlook shows improvement
Tyson Foods (TSN) stock rose this morning after the company forecast a better year for sales.
In 2026, Tyson expects revenue to increase between 2% and 4%, driven higher pork and chicken sales but offset by an expected 2% decline in beef. The company expects adjusted operating income to come in the range of $2.1 billion to $2.3 billion for fiscal 2026.
Year to date, the stock has been under pressure and is down more than 9%, compared to the S&P 500’s 14% gain.
For its fourth quarter report, the company beat on the bottom line with adjusted earnings of $1.15, more than the $0.84 expected by analysts….
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