Earnings live: S&P 500 on track for highest revenue growth in 3 years; reports from Deere, Zoom ahead

With astir each S&P 500 (^GSPC) companies' 3rd 4th net reports logged, the scale is tracking for an net maturation complaint of 13.4%, according to FactSet's John Butters. While 83% of companies person reported a affirmative net surprise, it's the gross maturation successful Q3 that stands out.

Butters notes that S&P 500 companies are reporting the highest gross maturation complaint successful 3 years.

If it holds, the S&P 500's existent blended gross maturation complaint of 8.4% successful Q3 would beryllium the highest people since Q3 2022, erstwhile the scale posted a gross maturation complaint of 11%.

The Health Care, Financials, and Consumer Discretionary sectors person led the gross maturation trend, with companies specified arsenic Cardinal Health (CAH), Morgan Stanley (MS), Ford (F), Amazon (AMZN), and Tesla (TSLA), among galore others, contributing significantly.

At the aforesaid time, net maturation has slowed for the tech highfliers that person led the markets.

Now that Nvidia (NVDA), the past of the "Magnificent Seven" companies to study earnings, has issued its quarterly release, Butters writes that the Magnificent Seven reported net maturation of 18.4% for the 3rd quarter.

That's the lowest net maturation complaint for this radical of stocks (Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon, Meta (META), Tesla, and Nvidia) since Q1 of 2023.

"The weaker show comparative to expert expectations and the little net maturation complaint for the 'Magnificent 7' companies are chiefly owed to the antagonistic EPS astonishment reported by Meta Platforms ($1.05 vs. $6.72) for Q3," Butters explained.

"Despite the little maturation complaint comparative to caller quarters, 4 of the 'Magnificent 7' companies (NVIDIA, Alphabet, Amazon.com, and Microsoft) are among the apical 7 contributors to net maturation for the S&P 500 for the 3rd quarter."

Gap (GAP) banal climbed much than 9% successful midday trading Friday arsenic investors cheered connected a beardown 4th from the apparel company.

In an interrogation with Yahoo Finance, Gap CEO Richard Dickson described the company's latest quarterly show arsenic a "playbook" that's working.

Yahoo Finance's Francisco Velasquez reports:

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BJ's (BJ) reported 3rd 4th fiscal 2025 net that bushed analysts' expectations connected Friday. The retailer's banal roseate 4% earlier the doorbell aft the institution raised its full-year nett outlook connected the spot of its rank income.

The wholesale nine relation posted adjusted net per stock of $1.16, beating the expert statement of $1.10.

Investing.com reports:

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Gap (GAP) banal popped successful extended trading aft the apparel institution topped net expectations and delivered an upbeat outlook.

The retailer reported net per stock of $0.62, which surpassed estimates, and $3.9 cardinal successful gross arsenic same-store income grew 5% twelvemonth implicit year. Wall Street was expecting $3.9 cardinal successful gross and $0.59 per stock successful earnings, according to S&P Global Market Intelligence.

Gap's 3 halfway brands — the namesake Gap brand, Old Navy, and Banana Republic — showed spot during the quarter, portion athleisure marque Athleta was the wide laggard. Same-store income astatine Gap roseate 7% twelvemonth implicit year, income astatine Old Navy roseate 6%, and income astatine Banana Republic roseate 4%. Athleta's same-store sales, meanwhile, dropped 11%, arsenic Gap said it's applying a "reinvigoration playbook" to the brand.

Gap besides raised the little extremity of its full-year gross forecast. It present sees 1.7% to 2% top-line growth, up from its erstwhile guidance of 1% to 2%.

"The spot of our 3rd 4th and quarter-to-date show positions america good for the vacation selling play and gives america the assurance to summation our afloat twelvemonth nett income outlook to the precocious extremity of our anterior guidance scope and rise our afloat twelvemonth operating borderline outlook," CEO Richard Dickson said successful a statement.

Intuit (INTU) banal modestly roseate aft hours pursuing top- and bottom-line beats successful its fiscal archetypal 4th net report.

Profits grew to $1.59 per stock connected gross of $3.9 billion. Analysts were expecting a net per stock of $1.26 connected gross of $3.7 billion, according to S&P Global Market Intelligence.

Intuit besides forecast better-than-expected fiscal 2nd 4th gross growth, a affirmative awesome astir its artificial intelligence-powered concern bundle offerings.

Reuters reports:

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Bath & Body Works (BBWI) banal was hammered successful precocious greeting trading, falling implicit 23%, aft the institution chopped its forecast and its caller CEO acknowledged that the specialty idiosyncratic attraction retailer is successful request of immoderate changes.

In the 3rd quarter, nett income declined 1% twelvemonth implicit twelvemonth to $1.59 million, missing Wall Street's estimates for $1.63 cardinal successful nett sales, according to S&P Global Market Intelligence. Earnings per stock of $0.37 besides declined twelvemonth implicit twelvemonth and fell abbreviated of expectations for $0.39 per share.

The seller of soaps and assemblage lotions besides said it doesn't expect overmuch betterment this year, owed to antagonistic user sentiment. The institution said it expects Q4 income to beryllium down successful the precocious azygous digits versus past year. It besides lowered its full-year nett income nett to a diminution of debased azygous digits from maturation of 1.5% to 2.7% previously.

Full-year net per stock are present expected to beryllium astatine slightest $2.83. The Street was looking for guidance of $3.33.

On the company's net call, Bath & Body Works CEO Daniel Heaf, who joined the institution successful May, said Bath & Body Works failed to accommodate to changing user preferences and outlined a program to crook the institution astir implicit the adjacent mates of years, emphasizing that the strategical reset volition instrumentality "time and focus."

"Over the years, consumers person evolved," Heaf said connected the net call. "They question greater efficacy, ingredient-led products, modern packaging, ... storytelling, and elevated multichannel experiences. Our competitors person risen to conscionable those needs. We person not."

While galore retailers similar Target (TGT) are delivering caveats to their 3rd 4th results that the user remains pressured, Walmart (WMT) again distinguished itself arsenic supra the fray.

"[It's] thing we're keeping an oculus on, but overall, erstwhile you instrumentality the user successful total, it inactive feels precise consistent," Walmart CFO John David Rainey told Yahoo Finance successful an interrogation Thursday.

Rainey noted that consumers are inactive prioritizing worth and convenience, which helped thrust Walmart's 4.5% same-store income maturation and higher profits successful Q3.

That said, Walmart is seeing signs of the much-discussed K-shaped economy, wherever a increasing disagreement is emerging betwixt high-income households and low-income ones.

"What I volition say, ... if you dissect that a small spot and you look by income cohort, the disparity betwixt the debased income cohort and the precocious income cohort has grown a small spot successful much caller months," Rainey said, adding that "it's accordant with the macro data."

The adjacent trial of user spot is present underway, arsenic aboriginal Black Friday income supply clues connected the important vacation buying season. There, Walmart is optimistic too.

"Holiday is disconnected to a beauteous bully start," Rainey said connected the company's net call. "Back-to-school tends to beryllium an aboriginal indicator for however that goes, Halloween, likewise for Thanksgiving, and everything that we've seen truthful acold makes america optimistic and encouraged astir customers and members leaning into the seasonal events and vacation buying period."

Yahoo Finance's Brooke DiPalma reports:

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Nvidia (NVDA) CEO Jensen Huang took nonstop purpose astatine analysts and commentators touting the hazard of an AI "bubble," touting however his institution is poised for occurrence successful the rapidly evolving frontier.

"There's been a batch of speech astir an AI bubble. From our vantage point, we spot thing precise different," Huang said connected the company's net call, aft Nvidia's results and forecast bushed estimates.

Huang said Nvidia is positioned for occurrence successful "every signifier of AI, from pre-training and post-training to inference."

Nvidia's net telephone is underway, and CFO Colette Kress said Blackwell income proceed to summation momentum portion Ruben remains "on track" to ramp successful the 2nd fractional of 2026.

"We presently person visibility to a fractional a trillion dollars successful Blackwell and Rubin gross from the commencement of this twelvemonth done the extremity of calendar twelvemonth 2026," Kress said.

She aboriginal added, "The GB300 crossed implicit GB200 and contributed astir two-thirds of the full Blackwell revenue. The modulation to GB300 has been seamless."

Listen to the net telephone unrecorded here.

Shares of immoderate of the largest tech and spot companies roseate successful after-hours trading aft Nvidia's (NVDA) net results provided much-needed reassurance to investors skittish implicit the AI trade.

Shares of AMD (AMD) and Micron (MU) some jumped implicit 4%. Broadcom (AVGO) roseate implicit 2%. Megacap tech companies — specified arsenic Meta (META), Microsoft (MSFT), and Google (GOOG) — besides ticked up aft the report's release.

Nvidia (NVDA) shares roseate implicit 5%. Read much astir the results here.

Nvidia (NVDA) banal continued to determination implicit 4% higher, adding implicit $300 cardinal to the company's marketplace cap, arsenic investors parsed the spot titan's latest net report.

"I'm not definite what other you could inquire for, astatine slightest connected the print. It was a nice, coagulated bushed and raise," Bernstein elder expert Stacy Rasgon told Yahoo Finance conscionable aft the release.

Further details connected Nvidia's visibility into aboriginal gross volition beryllium successful absorption erstwhile the net telephone kicks disconnected astatine 5 p.m. ET.

"The institution is fundamentally wholly being driven by information centers," CFRA expert Angelo Zino told Yahoo Finance's Josh Lipton. "The information that we stay proviso constrained here, which we deliberation volition persist done 2026, and conscionable based connected the bookings that we saw present from the hyperscalers ... means that it's going to beryllium a reasonably proviso constrained done of adjacent year, and astir apt good done 2027 if not each of '27."

"That's going to bode good for the information halfway gross potential," Zino said. "We deliberation margins volition beryllium capable to beryllium sustained astatine that mid-70s level present for the foreseeable future."

Nvidia (NVDA) banal jumped implicit 5% aft the AI spot leader's 3rd 4th results bushed analysts' estimates connected the apical and bottommost lines and offered a better-than-anticipated outlook.

“Blackwell income are disconnected the charts, and unreality GPUs are sold out,” Nvidia CEO Jensen Huang said successful a statement.

Yahoo Finance's Daniel Howley reports:

Read much astir Nvidia's results here.

Palo Alto Networks (PANW) banal declined by 5% successful extended trading contempt an net bushed for its fiscal archetypal quarter.

The cybersecurity steadfast reported net per stock of $0.93 connected gross of $2.47 billion, a 16% gross summation twelvemonth implicit year. Wall Street analysts were expecting net per stock of $0.89 and gross of $2.46 billion, according to S&P Global Market Intelligence.

Palo Alto Networks besides announced it plans to get Chronosphere, an observability platform, for an undisclosed amount.

The world's astir invaluable institution reports net aft the bell, and Wall Street's precocious expectations person lone raised the stakes.

"It's each astir the guidance for the adjacent 4th for Q4, their fiscal Q4," Intelligent Alpha Founder and CEO Doug Clinton told Yahoo Finance's Josh Lipton astir what to look for.

Clinton added that much specifically, investors volition beryllium watching "this $500 cardinal fig that Jensen enactment retired astatine GTC conscionable a fewer weeks ago," referring to CEO Jensen Huang's prediction astatine the company's GTC lawsuit that Nvidia volition recognize $500 cardinal successful GPU income done the extremity of 2026.

"If you benignant of bash the mathematics connected that, there's similar 10 percent points successful maturation upside to wherever the Street's astatine for gross adjacent year," Clinton said. "And truthful I deliberation we [will] commencement to spot a small of that travel done connected the guide, but past I deliberation we besides get immoderate much commentary astir what that'll look similar for adjacent year."

As acold arsenic risks go, Goldman Sachs elder equity expert Jim Schneider implied they're much to the upside.

"I don't deliberation we're going to spot galore cracks this quarter," Schneider said. "I deliberation that radical proceed to look for elements of accrued contention successful the space," helium continued. "It seems similar Nvidia inactive has a very, precise beardown clasp competitively ... truthful we don't truly spot that slowing down anytime soon."

The genitor institution of T.J.Maxx and Marshalls reported an net bushed and improved outlook connected Wednesday, lifting the banal astir 3% successful premarket trading.

TJX Companies (TJX) reported profits of $1.28 per stock connected nett income of $15.1 billion. Wall Street analysts were looking for net of $1.22 per stock connected gross of $14.85 billion, according to S&P Global Market Intelligence.

Same-store income accrued 5% twelvemonth implicit year, broadly increasing crossed divisions. The institution accrued its inventory by $1 cardinal to $9.4 billion.

TJX besides lifted its sales, nett margin, and net per stock guidance for the afloat year.

Comparable income are expected to beryllium up 4%, portion pretax nett borderline is expected to beryllium astatine 11.6%. TJX expects diluted net per stock successful a scope of $4.63 to $4.66, which is supra the raised guidance of $4.52 to $4.57 it provided successful the 2nd quarter.

"The 4th fourth is disconnected to a beardown start, the availability of merchandise continues to beryllium outstanding, and we are excited astir the deals we are seeing successful the marketplace," TJX Companies CEO Ernie Herrman stated.

Lowe's (LOW) banal jumped much than 5% successful premarket trading connected Wednesday aft beating Wall Street estimates connected nett owed to a pickup successful online income and maturation successful request from nonrecreational contractors.

Bloomberg News reports:

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Discount retailer Target (TGT) banal fell 2% earlier the doorbell connected Wednesday aft the institution slashed its full-year nett guidance and provided a cautious outlook for the vacation season, arsenic cash-strapped consumers conflict with the affordability situation for food, healthcare, and housing.

Yahoo Finance's enforcement exertion Brian Sozzi reports connected the latest from the US retail giant.

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