Earnings live: Applied Materials stock falls, Trump brothers' American Bitcoin revenue dou

Earnings live: Applied Materials stock falls, Trump brothers’ American Bitcoin revenue dou

November 14, 2025

Updated 1 min read

The greater part of third quarter earnings results are in the rearview mirror. 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.

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 arrive from The Walt Disney Company, Applied Materials (AMAT), CoreWeave (CRWV), Occidental Petroleum (OXY), Rocket Lab (RKLB), Oklo (OKLO), and Cisco Systems (CSCO), among others.

Here are the latest updates from corporate America.

LIVE 205 updates

American Bitcoin (ABTC) stock fell 13% before the bell on Friday despite reporting a rise in profit. The company, which has Eric Trump as co-founder, chief strategy officer and Donald Trump Jr. as a major stockholder, saw its profit more than double in the third quarter.

Reuters reports:

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Applied Materials (AMAT) stock fell over 2% in extended trading on Thursday after the US-based chipmaking equipment manufacturer reported slowing revenue but forecast more upbeat results in its fiscal first quarter.

Reuters reports that the ‌company forecast current-quarter revenue of $6.85 billion, plus or minus $500 million.⁠ Analysts on average expect revenue of $6.76 billion, ‍according ⁠to data compiled by LSEG.

The company reported earnings per share of $2.38, beating estimates of $2.06 per share but showing a slight slowdown from the same period a year ago.

“Based on our conversations with our customers and partners, we are preparing Applied’s operations and service organizations to be ready to support higher demand beginning in the second half of calendar 2026,” the company’s CFO Brice Hill said in a statement. “We have targeted our R&D investments to create new products and technologies that will enable even faster and more energy-efficient transistors, chips and systems and drive our growth in the years ahead.”

Read more here.
Disney (DIS) stock fell 3% before the bell on Thursday after third quarter earnings missed analysts estimates. Declines in its linear TV business offset strengths within its parks and streaming divisions.

Yahoo Finance’s senior reporter Allie Canal delves into the latest results from Disney and CEO Bob Iger’s final stretch at the helm.

Read more here.
Reuters reports:

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Reuters reports:

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Tencent’s (0700.HK, TCEHY) third quarter revenue grew by 15% on Thursday, as China’s largest social media and gaming company reported strong gaming demand and expanding AI-driven services.

Reuters reports:

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Cisco Systems (CSCO) stock jumped over 6% in after-hours trading as the San Jose technology company raised its annual profit and revenue forecasts as data center expansions drive demand for networking equipment.

Reuters reports:

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McGraw Hill (MH) stock soared over 22% in midday trading on Wednesday, after the education company raised its full-year outlook and reported better-than-expected fiscal second quarter results on the top and bottom lines.

The company reported earnings of $0.57 per share, which came in more profitable than the $0.07 loss Wall Street had expected, according to S&P Global Market Intelligence.

Revenue of $669.2 million declined 2.8% year over year, but still topped estimates of $642 million. Recurring revenue grew 6.5% year over year, while digital revenue grew 7.6% annually.

McGraw Hill also raised its fiscal year 2026 guidance on the back of strong second quarter results. The company sees revenue in a range of $2.03 billion to $2.06 billion, up from its previous range of $1.98 billion to $2.04 billion.

The company touted its market share gains, especially in higher education, which reached a record 30% in the US.

“Our fiscal second quarter results highlight the strength, scalability, and diversity of our business model, driven by the execution of effective strategies that fueled continued momentum in digital and re-occurring revenue,” McGraw Hill CEO Bob Sallmann said. “With notable market share gains, disciplined capital allocation, and a stronger balance sheet, we believe we are well-positioned to deliver sustained value for all stakeholders while continuing to invest in innovation and optimize our operations.”
Yahoo Finance’s Brooke DiPalma reports:

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Circle (CRCL) stock fell 5% before the bell on Wednesday despite beating Wall Street estimates for its third quarter profit, on the back of higher reserve income for its USDC as stablecoin circulation rose.

Reuters reports:

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Foxconn (2317.TW, HNHPF) Taiwan’s shares rose 1% on Wednesday after the world’s largest contract electronics maker, offered a bullish outlook on AI-related demand saying it would be a big driver of 2026 growth, and teased an announcement next week with OpenAI (OPAI.PVT).

Reuters reports:

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Reuters reports:

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Reuters reports:

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Paramount Skydance (PSKY) reported third quarter revenue that came in just below Wall Street expectations, but the company struck an upbeat tone for what lies ahead, raising its cost-savings target, projecting stronger streaming profits, and signaling upcoming price hikes for Paramount+.

Shares rose 6% in after-hours trading shortly after the results.

Revenue totaled $6.7 billion for the quarter ended in September, slightly shy of analysts’ $7 billion estimate, in the company’s first earnings release since completing its merger with Skydance in August.

PSKY CEO David Ellison said the company now expects $30 billion in total revenue and $3.5 billion in adjusted OIBDA for 2026, driven by a “healthy acceleration” in streaming. The company also expects Paramount+ to be profitable this year and to grow that profitability in 2026.

Direct-to-consumer revenue jumped 17% year over year, while weakness in TV Media offset those gains. Paramount+ revenue climbed 24%, with total subscribers reaching 79.1 million.

Across the full quarter, Paramount reported $324 million in operating income and a net loss of about $257 million, though pre- and post-merger results aren’t directly comparable.

Paramount Skydance CEO David Ellison said the newly combined company has taken “meaningful steps” to streamline operations, including a reduction of 1,000 employees from its workforce and plans to cut an additional 1,600 employees.

Paramount also raised its efficiency-savings target to $3 billion, up from $2 billion previously.

On top of its efficiency goals, the company also plans to raise prices for Paramount+ early next year in the US, part of a broader push to boost profitability and fund new content and technology investments.

The company recently announced upcoming price increases in both Canada and Australia.
Occidental Petroleum (OXY) beat earnings estimates for the third quarter, posting profits per share of $0.65 on revenue of $6.6 billion. Wall Street analysts were looking for earnings per share of $0.49 on revenue of $6.7 billion, according to S&P Global Market Intelligence.

While the company’s profits came in ahead of expectations, they marked a significant decline from the $0.98 earnings per share the company posted in Q3 2024.

Oil and gas pre-tax income was $1.3 billion for the third quarter of 2025, a roughly 11% increase year over year, due to higher crude oil volumes and prices.

The stock fell slightly in after-hours trading.

Occidental Petroleum is a favorite of Warren Buffett’s, who has built a stake of roughly 27% in the company over the years, making Berkshire Hathaway (BRK-B, BRK-A) Oxy’s largest shareholder. In October, Berkshire acquired Oxy’s chemicals arm, OxyChem, for $9.7 billion in what is likely Buffett’s last major deal for the conglomerate.

On Monday, Buffett announced he is stepping away from public-facing duties, such as writing Berkshire’s annual shareholder letter and speaking at the annual meeting, as the 95-year-old supports his successor, Greg Abel.
CoreWeave (CRWV) stock dipped following the company’s third quarter results as investors closely watched the report for insights on AI demand trends.

In the third quarter, the AI cloud provider posted a loss per share of $0.22 on revenue of $1.36 billion, compared to estimates for a wider loss per share of $0.51 on revenue of $1.29 billion, according to S&P Global Market Intelligence.

Notably, CoreWeave’s revenue nearly doubled from $583 million a year earlier. Additionally, the company said it nearly doubled its revenue backlog to more than $55 billion as it signs new agreements to provide AI computing infrastructure.

The company reported an adjusted operating margin of 16%, versus a margin of 21% in the same quarter a year ago.

The stock has been under pressure amid concerns about AI valuations. Over the past month, shares have been down 23%. However, year to date, the stock has rallied more than 170%.

CoreWeave is expected to provide more detail and its financial guidance in the company’s earnings call beginning 5 p.m. ET. You can listen to the call live here.
Shares in Venture Global (VG) rallied by more than 6% in midday trading on Monday after the liquified natural gas (LNG) producer and exporter posted third quarter revenues and earnings per share that exploded over levels at the same time last year.

Venture Global reported revenues of $3.3 billion in the third quarter, beating analyst estimates and exceeding revenues from the same quarter last year by 260% as LNG export demand in the US has surged.

The company posted adjusted earnings per share of $1.50 for the quarter, soaring over analyst expectations of $0.23 and coming in more than 430% higher than levels in the third quarter of 2024.

“In my mind, the extraordinary list of accomplishments achieved in the past few months tells the story of Venture Global’s unwavering commitment to streamline high-impact execution in its growth to date,” founder and CEO Michael Sabel said on the third quarter earnings call.

In the US, which is already the world’s largest exporter of natural gas, capacity for liquefaction — the process of converting natural gas to an exportable liquid form — is expected to more than double by 2029, according to a forecast from the Energy Information Administration surveying planned projects from some of the country’s leading exporters.

North American exports of LNG overall are also expected to more than double over the same period, according to the EIA. Venture Global is the second-largest exporter of natural gas in the country, behind Cheniere Energy (LNG).

Demand for natural gas is quickly rising globally as the product takes up an increasing amount of the supply share for energy, traditionally dominated by oil. While the count of oil rigs in the US has fallen precipitously year-on-year, the count of natural gas rigs is up 18% over the same time last year, according to the American Gas Association.

While prices remain below historical highs in the 2000s, futures on natural gas (NG=F) are up more than 38% over the past month and expected to continue rising through 2026 and 2027 as demand grows over the same period.
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.

“We expect cattle supplies to remain tight as we move into 2026,” CEO Donnie King told investors on its earnings call.

He added, “During this period, chicken is likely to benefit most from changing consumer preferences as consumers seek out affordable protein amid higher beef prices.”

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. However, revenue missed at $13.9 billion.

The average price change overall was up 6.4% on the year, led by beef, up 17%, followed by pork, up 11.6% and prepared foods, up 4.70%. Chicken for the quarter was up just 0.10%, but the street expected it to decline 1.4%. Volume growth for the category increased 3.7%, more than the 2% jump expected.

“We think the strength of Chicken in the fourth quarter is probably the main positive surprise today,” JPMorgan analyst Thomas Palmer wrote in a note to clients.

Overall volume declined 1.6%, led by an 8.4% drop in beef.
Monday.com (MNDY) stock shed 20% in premarket trading after the cloud-based project management software maker issued a softer than expected outlook.

For the December quarter, the company expects $329 million in revenue, below the average analyst expectation of $333 million, according to S&P Global Market Intelligence.

That overshadowed Monday.com’s earnings beat, with profits tallying $0.25 per share, versus $0.18 expected. Revenue during the third quarter also came in above expectations, with the company recording $316 million in revenue versus $312 million estimated.

The stock was already under pressure. Year to date, shares are off by more than 19% before factoring Monday’s premarket losses.
Maplebear Inc., doing business as Instacart (CART), reported strong top- and bottom-line results as online grocery orders surged in the third quarter.

GAAP earnings per share of $0.51 topped Wall Street analysts’ consensus estimate of $0.50 per share, according to S&P Global Market Intelligence. Revenue jumped to $939 million, above estimates of $933 million.

Instacart said its orders grew 14% year over year to 83.4 million, driving revenue growth, even as the average order value decreased 4% year over year.

Transaction revenue and advertising revenue both grew 10% to $670 million and $269 million, respectively.

For the fourth quarter, Instacart expects adjusted EBITDA of $285 million to $295 million, which has a midpoint higher than the Street’s estimated $288 million.

Instacart stock popped over 8% in premarket trading.