Starbucks Beats Q3 Estimates, Raises Guidance as Turnaround Gains Steam
Starbucks reports Q3 global comparable store sales up 7.9%, beating 5.7% forecasts. North America rose 8.1% on higher transactions & ticket.
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Robinhood Posts Record Revenue and EPS Beat — But Crypto Drag Sends Stock Lower
Robinhood’s Q2 crypto revenue fell 38% to $100M and app volumes dropped 35% to $18B, even as the company beat estimates and prediction markets surged.
Meta Q2 Earnings: Strong Revenue Beat, But AI Spending Crushes Profits and Cash Flow
Meta posts $60.8B revenue (+28%) beating estimates, yet EPS $6.18 misses as free cash flow plunges to $784M on heavy AI spending.
Azure Growth Eases Concerns Over Microsoft’s Heavy AI Spending
Microsoft beats Q4 estimates with $90B revenue and Azure up 43%. Cloud revenue reaches $59.3B as AI demand eases concerns over heavy spending.
Qualcomm’s Handset Business Slumps 20% While Non-Phone Growth Accelerates
Qualcomm Q3 revenue hits $9.9B at high end of guide. Auto & IoT grow 28%, but rising costs and Apple supply issues pressure outlook.
SpaceX Wants City Spectrum to Take On AT&T, Verizon and T-Mobile
SpaceX is hunting urban radio spectrum to compete with AT&T, Verizon and T-Mobile—via acquisitions or a 2027 auction. Carriers’ shares fall on the news.