Arm Beats Estimates but Shares Slip as Long-Term Outlook Stays Unchanged
Investors wanted higher long-term targets amid premium valuation.
Investors wanted higher long-term targets amid premium valuation.
Starbucks reports Q3 global comparable store sales up 7.9%, beating 5.7% forecasts. North America rose 8.1% on higher transactions & ticket.
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 posts $60.8B revenue (+28%) beating estimates, yet EPS $6.18 misses as free cash flow plunges to $784M on 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 Q3 revenue hits $9.9B at high end of guide. Auto & IoT grow 28%, but rising costs and Apple supply issues pressure outlook.