#earnings

#earnings

Nike reported $0.49 per share in its August quarter against expectations of $0.27, delivering an 81% earnings surprise on revenue of $11.72 billion. The company has exceeded estimates in seven of its last eight quarters, averaging roughly 35% surprises. However, net income dropped to $727 million from over $1 billion a year earlier, and operating margin compressed to 7.9%. Gross margin held at 42.2%, but operating expenses ate into profitability as the company invested in digital infrastructure and premium product lines.

According to a survey conducted by Self.com earlier this year, 45% of Americans have a side hustle, with 10.5% of side hustlers noting that they earn over $1,000 monthly from their gigs. The survey also found that the average side hustle brings in $688 per month and that the highest proportion of those with a side hustle (36.2%) spend five to 10 hours per month on their side gig.

And on this hope, the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is up 0.4% premarket. Williams told the crowd in Chile that, in his personal opinion, there's still "room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral, thereby maintaining the balance between the achievement of our two goals."

Growth in U.S. markets helped Swedish fintech firm Klarna to achieve a 26% jump in third-quarter revenue, beating expectations in its first report as a public company and forecasting revenue above $1 billion in the current quarter, the company said on Tuesday. The buy now, pay later lender, which went public in September in New York, reported revenue of $903 million, beating analysts' expectations of $882 million, according to data compiled by LSEG.

Sea's operating expenses also jumped by 28%, as its e-commerce arm Shopee tries to strengthen its competitive edge of rivals like Alibaba's Lazada and ByteDance's TikTok Shop. A key focus was strengthening Sea's logistics arm: "We are making our buyers happier while reducing [delivery] costs," Forrest Li, the company's chairman and CEO, said during an earnings briefing. Li pointed to Taiwan, where buyers prefer to pick up goods themselves instead of home delivery.

The San Mateo, Calif.-based company late Monday said it earned 11 cents a share under generally accepted accounting principles, or GAAP, in the third quarter. In the year-earlier period, it earned 9 cents a share. On an adjusted basis, Life360 earned 28 cents a share on sales of $124.5 million in the September quarter. Analysts polled by FactSet had expected adjusted earnings of 17 cents a share on sales of $119.8 million.

The company's CFO, Yoshimitsu Goto, said in an earnings presentation, which was translated by the company, that its decision to divest has "nothing to do with Nvidia itself" but is a way to reallocate its funds toward OpenAI. "This year the OpenAI investment is large," he said, adding that it plans to make the final part of its $30 billion investment by the end of the year.

When Rivian reported Q3 earnings on Nov. 4, it beat on the top line but missed on the bottom line with quarterly EPS of 65 cents versus 72 expected, and revenue of $1.56 billion beating expectations of $1.5 billion. Institutional ownership remains somewhat wary of the stock, with 54.62% of its float currently held by institutions. The largest institutional holder of RIVN remains Amazon (NASDAQ:AMZN) with more than 158 million shares.

AppLovin posted its third-quarter earnings report on Nov. 5. The adtech company's revenue surged 68% year over year to $1.41 billion and exceeded analysts' expectations by $70 million. Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) jumped 90% to $1.16 billion, while its earnings per share ( EPS) rose 96% to $2.45 and cleared the consensus forecast by $0.06.

For years - through its pandemic-fueled highs and its post-quarantine malaise - Peloton has held its earnings calls at a bright and bushy 8:30AM ET. Not yesterday. Instead, the company broke different news first thing in the morning: it issued yet another recall for 833,000 of its original Bike Plus units, before posting its Q1 2026 results after the markets closed at 4 o'clock.