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American ExpressQ3 · Oct 23
Adj. EPS Street $4.47 · Actual $4.68 Beat
Revenue $20.06B vs $20.13B est
Est.: ZacksSo what
Annual card fees brought in 16% more than a year ago.
See the sheet →LKQQ3 prelim. · Oct 23
Adj. EPS Street $0.69 · Actual $0.47–0.53 Miss
Revenue $3.32B vs $3.38B est
Est.: ZacksSo what
Like-for-like sales in Europe fell 9.8% from a year ago.
See the sheet →BlackstoneQ3 · Oct 22
DE/share Street $1.26 · Actual $1.32 Beat
Segment revenue $3.22B vs $3.12B est
Est.: ZacksSo what
Net realizations fell 34% from a year ago.
See the sheet →Bloom EnergyQ3 · Oct 22
Adj. EPS Street $0.71 · Actual $0.94 Beat
Revenue $1.24B vs $1.07B est
Est.: ZacksSo what
Sales of its power systems rose 179% from a year ago.
See the sheet →Deckers BrandsFQ2 · Oct 22
EPS Street $1.82 · Actual $2.31 Beat
Net sales $1.48B vs $1.51B est
Est.: ZacksSo what
Sales outside the US grew 9.0% in the quarter.
See the sheet →NewmontQ3 · Oct 22
Adj. EPS Street $1.96 · Actual $2.20 Beat
Sales $6.36B vs $6.01B est
Est.: ZacksSo what
Newmont's total cost to mine an ounce of gold was $1,454.
See the sheet →Western DigitalFQ1 · Oct 22
Adj. EPS Street $4.07 · Actual $4.64 Beat
Revenue $4.38B vs $4.16B est
Est.: ZacksSo what
Unsold inventory climbed to $1.78B in one quarter.
See the sheet →AT&TQ3 · Oct 21
Adj. EPS Street $0.61 · Actual $0.65 Beat
Revenue $32.32B vs $31.68B est
Est.: ZacksSo what
AT&T raised its 2026 adjusted EPS outlook to $2.40.
See the sheet →Thermo FisherQ3 · Oct 21
Adj. EPS Street $6.40 · Actual $6.68 Beat
Revenue $12.14B vs $11.91B est
Est.: ZacksSo what
Thermo Fisher earned $4.64 in GAAP EPS in Q3.
See the sheet →DanaherQ3 · Oct 21
Adj. EPS Street $1.92 · Actual $2.11 Beat
Revenue $6.6B vs $6.55B est
Est.: ZacksSo what
Danaher generated $1.6B of free cash flow in Q3.
See the sheet →
This week
Earnings week Oct 26–30
Earnings for Oct 26–30, plus the Fed decision and Q3 GDP.
Mon, Oct 26
- VerizonVZ · Before openLARGE
- WelltowerWELL · After closeLARGE
- Cadence Design SystemsCDNS · After closeLARGE
- NucorUnconfirmedNUE · After closeLARGE
- The HartfordHIG · After closeLARGE
- CelesticaCLS · After closeLARGE
- Cincinnati FinancialCINF · After closeLARGE
- Brown & BrownBRO · After closeLARGE
- CemexCX · Before openLARGE
- Amkor TechnologyAMKR · After closeMID
Tue, Oct 27
- SK hynixSKHY · After closeMEGA
- VisaV · After closeMEGA
- Coca-ColaKO · Before openMEGA
- HSBCHSBC · Before openMEGA
- NovartisNVS · Before openMEGA
- BoeingBA · Before openLARGE
- SeagateSTX · After closeLARGE
- S&P GlobalSPGI · Before openLARGE
- CorningGLW · Call: 8:30 AM ETLARGE
- HCA HealthcareHCA · Before openLARGE
Wed, Oct 28
- Fed rate decision2:00 PM ET · schedule
- AlphabetGOOGL · After closeMEGA
- MicrosoftMSFT · After closeMEGA
- GE VernovaGEV · Before openMEGA
- KLAKLAC · After closeLARGE
- AmphenolAPH · Call: 1:00 PM ETLARGE
- T-Mobile USTMUS · After closeLARGE
- ServiceNowNOW · After closeLARGE
- UBSUBS · Before openLARGE
- FortinetFTNT · After closeLARGE
- ADPADP · Before openLARGE
Thu, Oct 29
- Q3 GDP (advance estimate)8:30 AM ET · schedule
- AmazonAMZN · After closeMEGA
- Eli LillyLLY · Before openMEGA
- MastercardMA · Before openMEGA
- IntelINTC · After closeMEGA
- MerckMRK · Before openMEGA
- CaterpillarCAT · Before openMEGA
- ShellSHEL · Before openMEGA
- LindeLIN · Before openMEGA
- TotalEnergiesUnconfirmedTTE · Before openMEGA
- GileadGILD · After closeLARGE
Fri, Oct 30
- Exxon MobilXOM · Before openMEGA
- AbbVieABBV · Before openMEGA
- ChevronCVX · Before openMEGA
- AstraZenecaAZN · Before openMEGA
- BPBP · Before openLARGE
- SanofiSNY · Before openLARGE
- General DynamicsGD · Before openLARGE
- RegeneronREGN · Before openLARGE
- Colgate-PalmoliveCL · Before openLARGE
- Canadian NationalCNI · Before openLARGE
Dates from Earnings Whispers and StockTitan calendars; dates not yet confirmed are flagged. Grouped by market cap: Mega $200B+, Large $10–200B, Mid $2–10B, Small under $2B. Market caps from Zacks, as of Oct 23, 2026. Times ET. Dates can change.
From the desk on X
Recent posts from @TFDeskHQ. Tap a card to open the post on X.
Celestica guided 2027 sales to $40.0B, up 90%, and says 2028 customer forecasts already run "meaningfully higher." CLS Q3 adj EPS $3.30 vs $3.02 est Revenue $5.83B, +83% YoY
Nucor returned about $629 million to stockholders in the third quarter through buybacks and dividends. NUE EPS $5.80 vs $5.71 est Revenue $11.25B vs $10.53B est Q4 outlook: earnings in line with or modestly higher than Q3
Welltower has closed or lined up $21.0 billion of investments so far this year. WELL Normalized FFO/sh $1.67 vs $1.64 est Revenue $3.72B vs $3.63B est Full-year Normalized FFO/sh guide raised to $6.47 to $6.53
Public Storage added over 1,100 stores by closing its National Storage Affiliates and Public Storage Canada deals. PSA Core FFO/sh $4.34 vs $4.27 est Revenue $1.37B vs $1.27B est Full-year Core FFO/sh guide raised to $16.90 to $17.10
Cadence now expects 2026 revenue to grow 21%, up from its prior outlook. CDNS Adj EPS $2.11 vs $2.04 est Revenue $1.63B vs $1.61B est Full-year Adj EPS guide raised to $8.37 to $8.43
Verizon took 5 analyst questions, from raising prices to Starlink to AI agents. VZ Every question Wall Street and retail asked on this quarter's call.
Bitcoin funds took in money three days running last week, then gave most of it back in two. They were closed for Saturday's slide. Today's flows are the first look at how fund holders took it. BTC
Anthropic went from $41M in revenue to $16.3B in six months of 2026, and now it's filed to go public. ANT We went through the S-1. Key numbers: Q2: first GAAP operating profit, +$974M Same quarter: a $66.3B net loss, mostly fair-value marks Founders keep a fixed 50.1% of the vote
Verizon is paying less to win customers, and fewer of them are leaving. VZ Postpaid phone churn improved 4 bps from a year ago, and Adjusted EBITDA was the highest the company has ever reported. Source: Verizon Q3 release
Verizon added 406,000 postpaid phone customers, its best third quarter in five years. VZ Adj EPS $1.31 vs $1.27 est Revenue $34.31B vs $34.81B est Full-year Adj EPS guide raised to $5.04 to $5.06
How does ISRG make money? Not mostly from selling robots. Most of it comes from the tools surgeons use in every procedure.
How does UNH make money? Most of it comes from Medicare and employer health plans. Optum fills in the rest.
MSTR Strategy reports earnings Thursday after the close. The first thing most holders check is simple: is its bitcoin worth more than what it paid? For much of the summer, the answer was no. Bitcoin is back above the company's cost now, but not by a wide margin. BTC
Investors have put more than $1.7B into U.S. XRP funds since they opened last November. Today those funds are worth about $1.55B. The average buy was above $1.70 per XRP, and it closed near $1.30 on Friday. New money is under $15M this month, but it hasn't left either. XRP
How does C make money? $23.85 billion in sales last quarter, and profit jumped 40% from a year ago.
How does MS make money? Trading and wealth management bring in almost all of its $20.3 billion in sales.
How does WFC make money? Half its sales come from everyday consumer banking and lending.
How does GS make money? Trading and dealmaking brought in $13.5 billion of its $18.7 billion in sales last quarter.
How does JPM make money? Three engines: big-company banking and trading, everyday consumer banking, and managing money for the wealthy. Here's how each one stacks up.
What are investors asking? AXP call, this morning.
Two groups of ether holders are making opposite moves. Money keeps leaving U.S. ether funds, while people who hold ether directly are queuing up to stake it. The wait to start staking is now about 24 days, the longest line on the network in either direction. ETH
TSLA says it has now built and delivered its 10 millionth vehicle.
UNH took in about $1.2 billion in sales every day last quarter.
The six biggest US banks kept about $43.6 billion as profit in one quarter, and GS, at $5.3 billion, only ranked fourth.
MS wealth clients brought in $232 billion of new money last quarter, almost 3 times what they brought in a year ago.
JPM made about $6.9 million in profit every hour last quarter. Profit was up 6% from a year ago, even after a $658 million loss on investment securities.
LKQ CEO Justin Jude is out, and 2026 guidance is withdrawn, on the same morning Q3 missed all 5 Zacks estimates Preliminary adjusted EPS of $0.47 to $0.53 compares with $0.84 a year ago. Revenue fell to $3.32B from $3.50B. Sal Abbate takes over as CEO Dec 15. Stock price:
How SLB made $9.45B last quarter. SLB
How American Express made $20.06B last quarter. AXP
SLB - Beat on profit and sales EPS $0.64 vs $0.62 expected Revenue $9.45B vs $9.29B expected, up 5% from Q2 Middle East up 13% from Q2
AXP - Profit beat, sales a hair short Adjusted EPS $4.68 vs $4.47 expected Revenue $20.06B vs $20.13B expected Card fees up 16% Company guide: 2026 adjusted EPS now $17.60 to $17.90, low end raised (Oct 23)
SLB SLB reports Friday before the open. The number to watch is Middle East revenue. It fell 13% from Q1 in Q2 as the regional conflict disrupted activity, while Asia grew 17%. The Middle East is about 65% of SLB's Middle East & Asia revenue. Street bar: $0.62 adjusted EPS on
American Express AXP reports Friday before the open. The cost of its perks is the story. Card Member services expense jumped 50% in Q2 to $1.95 billion. Net card fees grew 15% to $2.86 billion. AmEx tied higher costs to benefit usage and the U.S. Platinum Card refresh. Street
BE raised its 2026 outlook for the third time this year, after a record $1.24B quarter. New 2026 targets: Revenue: $4.4B-4.6B (was $3.9B-4.2B in July) Adjusted EPS: $3.10-3.40 (was $2.55-2.85) Street bar: 2026 EPS $2.68 before the update (Zacks, Oct 22) Company guide: 2026
DECK fiscal Q2 EPS: $2.31, or $2.03 without a $0.28 tariff refund benefit Net sales: $1.48B, up 3.5% (a record) HOKA: $677.2M, up 6.8% UGG: $786.4M, up 3.5% International: $644.7M, up 9.0% Street bar: EPS $1.82, revenue $1.51B (Zacks, Oct 22) Company guide: FY27 sales
NEM Q3 adjusted EPS: $2.20, up from $1.71 a year ago Sales rose 15% to $6.36B. Newmont sold gold at $4,317 an ounce with all in sustaining costs of $1,454, and ended the quarter with $3.2B of net cash. Stock price: $114.02 at the Oct 22 close, before the report Street bar: EPS
WDC fiscal Q1 adjusted EPS: $4.64, up 161% from $1.78 a year ago Revenue was $4.38B, up 55%, and adjusted gross margin reached 58.1% vs 43.9% a year ago. The quarterly dividend rises 17% to $0.175. Stock price: $354.19 at the Oct 22 close, before the report Street bar: EPS
Money has left U.S. Solana ETFs on 12 of the last 13 trading days, about $59M in all. The one day it came back, Oct 21, it was $0.6M. Solana is down from $121 to about $105 since Oct 5. Bitcoin funds got money back this week. Why not Solana? SOL
TI's data center sales doubled from a year ago in Q2. AI servers need lots of power chips, and that's TI's specialty. TXN
China went from 26% to 35% of Lam Research's sales in a single quarter, while total revenue rose 54% from a year ago. Lam makes the machines that build chips. LRCX
IBM plans to build Starling, a quantum computer with 200 error-corrected qubits, by 2029. It also won a $1B federal chips award to help get there. IBM
More than 10 million people set up Meta's Muse AI agent in about six weeks, and about 1 in 4 use it every day. Shopping is its top use, with average orders over $200. META
LUV Q3 adjusted EPS: $0.66, above the $0.61 Street bar Revenue was a Q3 record $8.42B. But fuel cost $3.92 a gallon, and Southwest cut the top of its 2026 adjusted EPS outlook to $2.85 from $4.25. Street bar: Zacks, Oct 21
How does NTRS make money? Q3 2026 Out of every $100: Came from: Fees for holding money $33 Interest on deposits/loans $29 Wealth management fees $27 Other $11 Went to: Pay and benefits $33 Tech and software $14 Outside services $11 Offices and other $7 Taxes $7 Profit kept $28
BX Q3 distributable earnings: $1.32 per share, down from $1.52 a year ago Segment revenue was $3.22B, inflows hit $63.3B and total AUM reached $1,368.3B, up 10%. Gotcha: Blackstone is sitting on $228.9B of dry powder ready to invest. Street bar: DE $1.26, revenue $3.12B (Zacks, Oct 21)
How does META make money? Q3 2026 Out of every $100: Came from: Ads $98 Other $2 Went to: Research and new tech $31 Running apps and data centers $21 One-time legal charge $15 Office and admin $8 Marketing and sales $5 Taxes $5 Profit kept $15 Not financial advice.
Union Pacific Q3 2026 results UNP - Adjusted EPS: $3.53, up 15% from $3.08 - Street bar: $3.47 EPS, $7.12B sales (Zacks, Oct 20) - Revenue: record $7.20B, up 15% - Shipments by container (intermodal): $1.52B, up 27% - Record $2.08B profit
Spotify Q3 2026 results SPOT - Paying subscribers: 306M, up 9% - Monthly users: 788M, up 11% - Revenue: €4.97B, up 16% - Profit per share: €2.48, down from €3.28 - Company guide: 316M subscribers next quarter
Valero Q3 2026 results VLO - Adjusted EPS: $23.90, up from $3.66 - Street bar: $21.28 EPS, $37.39B sales (Zacks, Oct 21) - Revenue: $46.10B - Refining profit: $39.24 per barrel, up from $13.14 Profit per share grew more than six times in a year.
P&G fiscal Q1 results PG - Core EPS: $2.00, up from $1.99 - Street bar: $1.89 EPS, $22.7B sales (Zacks, Oct 19) - Sales: $23.28B, up 4% - Volume up 2.4%, prices up 0.4% - Full-year core EPS guide held at about $7.00
Comcast Q3 2026 results CMCSA - Adjusted EPS: $1.07, down from $1.12 - Street bar: $0.98 EPS, $29.35B sales (Zacks, Oct 22) - Revenue: $29.30B - Peacock: $261M profit, up from a $217M loss - Lost 144K broadband customers
How does NTRS make money? Q3 2026 Out of every $100: Came from: Fees for holding money $33 Interest on deposits/loans $29 Wealth management fees $27 Other $11 Went to: Pay and benefits $33 Tech, services and other $32 Taxes $7 Profit kept $28
Honeywell Q3 2026 results HON - Adjusted EPS: $2.27, up 34% - Street bar: $2.17 EPS, $5.01B sales (Zacks, Oct 22) - Sales: $4.99B - Organic sales up 7% - Company guide: full-year EPS $8.40-8.45 (Oct 22, raised)
Lockheed Martin Q3 2026 results LMT - EPS: $7.97, up from $6.95 - Street bar: $7.49 (Zacks, Oct 21) - Sales: $20.71B, up 11% - Record backlog: $292.0B - Company guide: full-year EPS $30.35-30.75 (Oct 22, raised)
How does TSLA make money? Q3 2026 Out of every $100: Came from: Cars $73 Services and other $17 Energy $10 Went to: Making its products $80 Research $10 Sales and office $7 Profit kept $3 Not financial advice.
How does IBM make money? Q3 2026 Out of every $100: Came from: Software $46 Consulting $31 Hardware $22 Other $1 Went to: Making its products $43 Sales and office $27 Research $14 Taxes and interest $3 Profit kept $13 Not financial advice.
TSLA Q3: every $100 of revenue Where it came from: $73 car sales $16 services and other $10 energy storage Where it went: $80 making and delivering the products $10 R&D $7 overhead (SG&A) $2.60 left as operating profit, down from $5.80 a year ago
IBM software revenue grows, but the cash shows up in Q4. Q3 '26 software: $7.80B, up 8% from a year ago Q3 '26 free cash flow: $3.03B, vs $2.37B a year ago Q4 '25 free cash flow: $7.55B, about half of 2025's $14.73B That's why Q3 cash always looks light.
TSLA active FSD subscriptions nearly tripled. Car margin didn't move much. End of 2023: 0.6M FSD subs End of Q3 '26: 1.74M, up 67% from a year ago Q3 '26 auto gross margin: 18.5%, vs 17.0% in Q3 '25 Subscriptions are growing much faster than margin.
LMT reports Thursday before the open. First-half segment profit: $3.99B 2026 guide: about $8.5B to $8.7B Street EPS bar: $7.49 (Zacks) More than half the year's profit still has to land in the second half. Watch the guide.
IBM Q3: every $100 of revenue Where it came from: $46 software $31 consulting $22 infrastructure $1 financing Where it went: $43 cost of revenue $42 operating expenses, net $2 taxes $13 left as profit, with net income up 26% from a year ago
IBM Q3 operating EPS: $2.95, above the $2.88 Street bar Revenue was $17.10B, up 5% from a year ago and above the $16.87B estimate. IBM now expects 2026 free cash flow to grow by more than $1B over 2025.
TSLA Q3 non GAAP EPS: $0.48, above the $0.45 Street bar Revenue was $28.05B, about flat with a year ago. Operating margin was 2.6%, down from 5.8% a year ago, as R&D climbed to $2.76B.
Stocks are up about 12% in 2026, and bitcoin is down about 5%. It's been moving in step with tech lately, but over the full year it's well behind the S&P 500 and the Nasdaq. BTC
Record quarter, quiet stock. CB core EPS came in at $7.66. Street bar: $6.53 (Zacks, Oct 20). The stock was down 0.6% from the Oct 20 close at 11:53 AM PT.
Northern Trust opened in 1889 with 7 accounts. Today it holds $19.9 trillion in client assets under custody or administration, up 9%. NTRS Q3 adjusted EPS was $3.20. Street bar: $2.86 (Zacks, Oct 21).
Oct 21, 2004: in its first quarter as a public company, GOOG doubled revenue to $805.9M and earned 19 cents of EPS. Skeptics called it Googlemania. The stock was already near double its $85 IPO price. Which stock gets called a bubble today that could look cheap in 20 years?
Two bond markets in one MCO print. Investment grade ratings revenue rose 18% on AI and hyperscaler borrowing. High yield fell 40% and leveraged loans fell 27% (company release, Oct 21).
Tesla TSLA automotive gross margin, excluding regulatory credits, the last five quarters: 15.0%, 15.4%, 17.9%, 19.2%, then 16.3% in Q2. That's what Tesla keeps from selling cars on its own, without credit sales to other automakers. TFD watch: 16.3%. Tesla reports Wednesday after the close. Above it, the Q2 dip looks like a blip. Below it, the squeeze on car profits is still on.
Meta META delivered 14% more ad impressions in Q2 than a year earlier, and its average price per ad rose 12%. More ads and pricier ads, at the same time. That's the engine under its revenue growth. TFD watch: both numbers again Wednesday after the close. Double digits on both means the ad engine is still firing.
IBM IBM reports Wednesday after the close, and the number that matters is software growth. Software revenue grew 5% in Q2 after tens of large deals failed to close on time. Company guide: 6% to 8% software growth for the full year. Street bar: $2.88 of operating EPS (Zacks, as of Oct 20). Another quarter near 5% would put that guide in doubt. Does software catch up in Q3?
CME traders moved a record 29.4M contracts a day CME Record Q3 revenue $1.737B Adj EPS $3.02 vs $2.98 est
Supermicro now sees $4B more revenue this quarter than it did before SMCI Fiscal Q1 revenue near $19.0B, from a $15.0B midpoint Driver: AI platform demand Preliminary; full report Nov 3
Philip Morris just gave shareholders an 8.8% raise PM Dividend $1.60 per quarter Adj EPS $2.36 vs $2.31 est Revenue $11.4B, up 5.5%
Elevance crushed estimates by 50% ELV Adj EPS $6.99 vs $4.66 est Revenue $50.4B Full year guide raised to at least $29
NextEra's backlog grew 3.7 GW in a single quarter, to 36.7 GW NEE Adj EPS $1.24 vs $1.19 est, up 9.7% Revenue $8.09B vs $9.05B est
Abbott grew comparable sales 7% and held its full year guide ABT EPS $1.42, in line Sales $13.01B vs $12.91B est
Danaher beat and raised its full year outlook. EPS of $2.11 came in ahead of the $1.92 estimate. DHR
TMO grew EPS 15% to $6.68 on $12.14B of revenue.
T wants fiber in more than 60M locations by the end of 2030. It's at 39M today.
Salesforce is buying Braze, the software Canva, Instacart and Venmo use to message their users. BRZE grew revenue 26.2% last quarter and booked $22M of free cash flow, but still posts GAAP losses from stock based pay. The close is expected in Salesforce's FY2028.
A year ago, Meta META kept 43 cents of operating profit from every revenue dollar. Last quarter: about 31 cents. Revenue still grew to $60.8 billion. Costs grew faster. Wednesday shows whether spending is still outrunning sales.
COF Q3 adjusted EPS: $6.69, up from $5.95 a year ago Revenue was $16.34B, and the card charge-off rate fell to 3.98% from 4.63% a year ago. Street bar: EPS $5.45 (Zacks, Oct 20)
Netflix NFLX operating margin, last five quarters: 34.1%, 28.2%, 24.5%, 32.3%, 33.4%. The company is guiding to 33.2% for Q3, which reports Tuesday after the close. Is a 33% margin the new normal for streaming's top dog?
UAL Q3 adjusted EPS: $2.54 vs $2.60 Zacks consensus Revenue was a record $17.88B, up 17.4%, just under the $17.91B estimate. Fuel expense rose 62%.
NFLX. Operating margin: 34.6%, EPS $0.87 They guided 33.2% for Q3 and beat the $0.82 Street bar. The plot twist: 2026 ad revenue now about $2.7B, down from about $3B. Price hikes are the plot 🍿
Starlink brought in $66 a month per user in Q2, per SpaceX SPCX. That's flat with Q1 and down from $85 a year earlier. SpaceX reports Q3 Tuesday after the close, with a webcast at 4:30 PM ET. Whether revenue per user holds at $66 is the first Starlink number to check.
Bitcoin ETFs just had their best day in a month. One fund did all the buying. BlackRock's IBIT took in $665M on Monday, its biggest day in over a year. Fidelity and Grayscale saw money walk out, and every other fund sat still. BTC
Netflix NFLX and Wall Street are $10 million apart. Company guide: $12.86 billion of Q3 revenue, which would be 12% growth. Street bar: $12.87 billion (Zacks, as of Oct 19). It reports Tuesday after the close. Above $12.87 billion clears both bars. Under $12.86 billion misses the company's own forecast.
SpaceX SPCX spent $18.4 billion on capex in Q2. Revenue that quarter: $7.81 billion. That's about $2.36 of building for every $1 coming in, on Starship, satellites and its AI platform, per the company. Tuesday's report shows whether that gap starts to close.
Intuitive Surgical ISRG reports Tuesday after the close, and the number that matters is da Vinci procedure growth. Q2 was about 15%. Company guide for 2026: 13.5% to 15.5%, closer to the 14.5% midpoint. Street bar: $2.61 of adjusted EPS (Zacks, as of Oct 19), versus $2.80 in
EFX topped on profit and trimmed in the same release. Q3 adj EPS $2.26. Street bar: $2.19 (Zacks, Oct 20). Company guide: 2026 revenue now $6.661B at the midpoint, cut for a weaker mortgage market, while adj EPS holds at $8.50, down just 4 cents (Oct 20).
A card game from 1993 just carried a 103 year old toy company. HAS Magic revenue jumped 34% to $616M, its first $600M quarter ever. Adj EPS hit $2.90 against a $1.86 Street bar (Zacks, Oct 20), and 2026 guidance went up.
RTX. World keeps ordering: $2.26 vs $1.78 Street Backlog hit a record $340B after $81B of new awards, and they raised the 2026 outlook again. Years of work, already sold 🛡️
NOC backlog hit a record $109.6B. Q3 net awards of $16.4B put book to bill at 1.5x, including $2.0B for Sentinel.
GE. Engines don't run late: $2.25 vs $2.02 Street Orders jumped 49% to $19.0B and they raised the 2026 guide across the board. Planes can wait. Engines can't ✈️
GM. Fewer cars, more money: $3.70 vs $3.55 Street US deliveries fell 5.5% in Q3, yet revenue hit $50.0B and the board just approved a new $20B buyback. Detroit math 🚗
MMM is selling to data centers now. A new Amazon deal ties a 3.2M share warrant to $6B of optical and data center sales. Q3 adj EPS hit $2.50, up 12% and 9 cents over the $2.41 Street bar (Zacks, Oct 15). 3M also raised its 2026 outlook, guiding adj organic growth above 3.5% and about $4.8B of adj free cash (Oct 20).
Wall Street expects less from RTX RTX this quarter than last. Street bar: $1.78 of Q3 adjusted EPS (Zacks, as of Oct 19). Q2 came in at $1.89. Company guide: $7.10 to $7.25 of full-year adjusted EPS, raised in July. RTX reports Tuesday before the open, and a cut to that range would be the real miss.
GE Aerospace GE reports Tuesday before the open, and the number that matters is engine services. Its Commercial Engines & Services unit grew revenue 27% in Q2. In July, GE lifted that unit's 2026 growth guide to about 20%, from mid-teens. Street bar: $2.02 of adjusted EPS (Zacks, as of Oct 19), the same as Q2. Does the engine business keep running hot?
General Motors GM raised its 2026 profit outlook again in July, to $14–16 billion of adjusted EBIT, up from $13.5–15.5 billion. It reports Tuesday before the open. Does GM go for a third raise?
Where SpaceX SPCX made its money in Q2: Starlink and connectivity: $4.29 billion AI: $2.56 billion Rockets (Space): $0.96 billion The rocket company's smallest segment is rockets. Did you expect that?
Netflix NFLX expects ads to bring in about $3 billion this year, roughly double last year. Sounds huge. It's still only about 6% of the $51.0–51.4 billion it forecasts in total 2026 revenue. Is the ad tier a side hustle or the next engine?
Steel Dynamics STLD guided Q3 diluted EPS to $5.34 to $5.38 in September. Zacks consensus is $5.42, above the top of that range. It reports Monday after the close. Above $5.38 beats the company's guide. Below $5.34 misses it. Which bar matters more: the company's range or the Street's?
For every $1 of ad revenue, GOOGL now spends 55¢ on AI data centers. META spends 51¢. Two years ago, both spent about 20¢. Is the AI spending paying off yet?
Cleveland-Cliffs CLF already told investors what to expect: about $575 million of Q3 adjusted EBITDA. It reports Monday before the open, with the call at 8:30 AM ET. Adjusted EBITDA above roughly $575 million is a beat; below it is a miss. Zacks consensus EPS is $0.24 (as of Oct 18). Does the steelmaker hit its own number?
Fifth Third FITB reports Monday before the open, and the number that matters is net interest income. The bank guided Q3 net interest income up 2% to 2.5% from Q2's $2.22 billion, or roughly $2.26 billion to $2.28 billion. Growth above 2.5% is a beat. Under 2% is a miss. Zacks consensus EPS is $1.09 (as of Oct 18). Can lending income keep growing this quarter?
WEEK AHEAD - 8 big reports, led by TSLA, Meta and Netflix GM, Netflix and SpaceX kick off Tuesday. AT&T, Tesla, Meta and IBM fill Wednesday, and Amex closes it out Friday. GE, RTX, Intuitive Surgical, Lockheed, Comcast and SLB report too. Which one are you watching?
Less revenue, more profit. That's the Zacks setup for Tesla TSLA on Wednesday. Revenue is expected to dip about 1.6% from last quarter, to $27.78 billion. EPS is expected to climb from $0.33 to $0.44. Where does the extra profit come from?
On this day in 1867, the U.S. flag went up over Alaska. The price: $7.2 million for nearly 600,000 square miles. That's about 2 cents an acre. Best real estate deal in American history?
Meta META is guiding to $130 to $145 billion of capex in 2026. Going into Wednesday, Zacks has Q3 revenue at $63.24 billion, above Meta's own $62.5 billion midpoint, and EPS at $6.54. Does the ad business keep paying for the AI build?
Starlink doubled in a year: 12.0 million subscribers at June 30, up from 6.0 million a year earlier, per SpaceX. SpaceX SPCX reports Tuesday after the close. Zacks consensus is $0.11 adjusted EPS, after a $0.09 loss per share in Q2. What number are you watching Tuesday? 👇
This week in 2018, Sears Holdings filed for Chapter 11 on the same day a $134M debt payment came due. Its shares had already fallen below $1, and Nasdaq delisted them nine days later. What finally sinks a retail giant? 👇
The money didn't leave. It went shopping for toothpaste. Tech XLK fell 7.7% last week while consumer staples XLP rose 5.0%. Rotation, or the start of something bigger?
Chips just had a week to forget. The iShares Semiconductor ETF SOXX fell 11.8%, from $559.40 to $493.39. Signal over, or just the first chapter?
People charged $455.8B on American Express cards in just three months. That's about $5B a day, and up 9% from a year ago, per its Q2 filing. Are shoppers still spending like that? AXP reports next week.
Lockheed Martin already has $230.4B of orders it hasn't delivered yet. That's nearly 3 years of its expected 2026 sales of $79.75B to $81.75B, booked before it builds a thing. Will that pile keep growing when LMT reports next week?
Oct 17, 1973: a day after raising oil prices 70%, Arab producers cut output 5% and threatened 5% more every month. The extra cuts never came, but fear did the rest. Yesterday, US crude closed at $101.41 a barrel. How exposed is today's economy to one supply shock?
Tesla delivered fewer cars this summer than a year ago: 486,532 in Q3, vs 497,099 in Q3 2025, per its own filings. That's about 10,500 fewer cars, even with all the buzz around the company. TSLA reports Wednesday. Will the money story look better than the car count?
Groceries cost 32% more than in Jan 2020 $100 of groceries back then runs about $132 now. Up 1.8% in the past year alone.
Oct 16, 1973: OPEC's Gulf producers met in Kuwait and raised the posted price of oil 70% in a single meeting, from $3.01 to $5.12 a barrel. They didn't negotiate with the oil companies. The next day came production cuts, then an embargo on the US, and later gas lines, rationing and years of stagflation. Do you or your parents remember the gas lines? #OnThisDay · tfdesk.com
SOFTWARE SELLOFF - The whole software shelf is red. IGV -4.2% today. Twilio (TWLO -10.8%) and JFrog (FROG -10.1%) lead the drop, with Okta, MongoDB, CrowdStrike, Cloudflare and Datadog down 6-9% (OKTA -9.0%, MDB -7.5%, CRWD -7.2%, NET -6.9%, DDOG -6.5%). Is this a one-day shakeout or the start of a rotation?
MRNA's stock price is down about 10.3% today to $212.19, and there's no new filing or headline behind it yet. The stock closed 2025 at $29.49. Even after today it's up over 600% this year, on cancer-vaccine hopes with Merck. Full Phase 3 data lands Oct 24. Profit-taking before the test, or something more?
TFC - Adjusted EPS of $1.16 vs the $1.17 Street estimate Reported EPS was just $0.56 after a $1.4 billion securities loss, and Truist just agreed to sell $7.7 billion of LightStream loans to Carlyle. The bank is shrinking to refocus. #TFC · tfdesk.com
TRV - Adjusted EPS of $9.18 vs the $7.01 Street estimate Catastrophe losses were $538 million pre-tax and the combined ratio came in at 86.8%. Travelers bought back $1.508 billion of its stock in the quarter. #TRV · tfdesk.com
IBKR - Dividend nearly doubled, to $0.15 a quarter Peterffy: "I don't think that we will ever cut the dividend." "Never" is a big word. Would you hold him to it? #IBKR · tfdesk.com
AA - Adjusted EPS of $1.82 beat the $1.54 Street estimate by 28¢ Revenue was a touch light at $3.70B, but a year ago Alcoa lost 2¢ a share. 👀 at that turnaround #AA
USB - EPS beat: $1.34 vs $1.32 Street, fee revenue up 14.9% Revenue of $7.97B came in just under the $8.01B estimate, and U.S. Bancorp bought back no stock in Q3. #USB
PNC - EPS beat: $5.09 adjusted vs $4.97 Street Expenses fell 8% from Q2 and the efficiency ratio improved to 57%, while revenue of $6.56B came in just under the $6.60B estimate. #PNC
CRWV - CoreWeave built the AI cloud on borrowed money. Today the market started asking what that money actually costs.
RKLB - Rocket Lab didn't lose a customer today. It lost a year. When the valuation rides on what Neutron becomes, the calendar is the story.
The demand story didn't change today. The pricing story did. One analyst note, and the whole AI hardware trade blinked. DELL HPE NTAP
PGR - Miss: $4.37 a share vs Street's $4.46 Securities swung to a $170M pretax loss from a $295M gain a year ago, while the combined ratio improved to 88.7 from 89.5 and policies in force rose 6% to 40.5M. #PGR · tfdesk.com
FAST - Beat: 35¢ a share vs Street's 34¢ Daily sales jumped 15.5%, and operating margin widened to 21.5%. #FAST · tfdesk.com
STT - Beat: $3.69 a share vs Street's $3.65 EPS is up 33% from a year ago, and custody assets hit a record $59.2 trillion. Revenue of $4.0B landed just under the $4.04B estimate. #STT · tfdesk.com
MS - Wealth took in $232B; EPS beat at $3.03 Net revenues hit $20.3B and total client assets reached $10.5T. Equity trading jumped 41%. #MS · tfdesk.com
ASML - Record €11.7B sales, near the top of guide Gross margin hit 57.5% on upgrade demand, and the full-year sales floor moved to €44B. #ASML · tfdesk.com
BLK - Adjusted EPS $15.93 beats Street by nearly $2 Clients added $205B in net flows and AUM hit $15.5T. #BLK · tfdesk.com
BAC - Missed: $0.91 a share vs Street's $1.11 A $1.2B regulatory settlement cut EPS by 17¢; adjusted was $1.08. NII still climbed 8% to $16.4B. #BAC · tfdesk.com
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The Financial Desk tells the money story behind everything, for anyone curious where the money flows. We read the filings, releases and records, and hand you the one thing that changes the story.
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