Constellation's pullback traces to two friction points, the first being FERC's rejection of a behind-the-meter nuclear colocation deal between Amazon and Talen Energy in November 2024, which sent shockwaves through the sector. While Constellation wasn't directly involved, the ruling raised questions about the viability of similar hyperscaler partnerships.
ConocoPhillips reported disappointing fourth-quarter results on February 5, 2026, missing both earnings and revenue estimates as lower oil prices overshadowed production gains from the Marathon Oil acquisition. The Houston-based energy producer posted adjusted EPS of $1.02, falling short of the $1.12 consensus estimate by 9%. Revenue of $14.19 billion also missed expectations of $14.34 billion. Net income tumbled to $1.44 billion from $2.30 billion in the year-ago quarter, a 37.3% decline driven primarily by weaker commodity prices.
On Wednesday, Oracle announced revenue and profit forecasts that fell short of analysts' expectations. At the same time, the company announced it would increase spending by $15 billion (€12.8 billion). Oracle's share price fell by 10 percent in after-hours trading. Oracle plays a prominent role in the AI race with ambitious plans to build AI cloud data centers. The company previously signed a five-year, $300 billion contract with OpenAI.
"For the three months ended Nov. 2, Home Depot earned $3.6 billion, or $3.62 per share. A year earlier, it earned $3.65 billion, or $3.67 per share. Removing one-time charges and benefits, earnings were $3.74 per share, a dime short of Wall Street expectations, according to a poll by FactSet. It is the third consecutive quarter that Home Depot, an overperformer in recent years, has missed profit expectations."
What makes the miss particularly jarring is the underlying business strength visible through June. Revenue reached $218.7 million in Q2, up 13.6% year over year. Net income hit $37.0 million with a 15.2% profit margin. Operating margin stood at a healthy 16.3%. The company was printing money. Something shifted between the end of Q2 and the close of Q3, but management commentary on the miss has not yet been fully detailed.
Revenue reached $1.63 billion, beating the $1.59 billion consensus by 2.8% and climbing 25.1% year over year. Gross profit jumped 34.2% to $432 million, and the company added approximately 7,500 net new locations to reach 156,000 globally. Annual recurring revenue (ARR) surpassed $2.0 billion, up 30% from the prior year. The operational metrics paint a picture of a business firing on most cylinders.
Revenue climbed 71% year over year, and loan originations surged 80% to $2.9B. The company returned to GAAP profitability with net income of $31.81M, compared to a $6.76M loss in Q3 2024. Adjusted EBITDA expanded dramatically to $71.16M from $1.41M, representing a 26% margin. Fee revenue, a key metric for the platform's core lending operations, grew 54% year over year to $259M. Over 90% of loans processed through the platform are now fully automated, reflecting the maturation of Upstart's AI credit decisioning model.
Waste Management ( NYSE: WM) missed on both earnings and revenue in Q3, posting adjusted EPS of $1.49 against expectations of $2.08 and revenue of $6.44B versus $6.70B estimated. The stock fell 2.35% in after-hours trading, though the decline was modest given the magnitude of the misses. The real pressure comes from guidance. Management now expects full-year revenue at the low end of its prior range, citing declining recycled commodity prices and softer healthcare solutions revenue.
Adjusted EPS came in at $2.04, well below the $2.72 consensus estimate. Revenue landed at $5.26 billion against an expected $5.52 billion. The miss was broad-based, with Merchant Solutions delivering $2.59 billion in revenue (up 5% year over year) while Financial Solutions contracted 3% to $2.33 billion. That segment weakness is the real concern here. Financial Solutions represents a meaningful portion of the business, and a year-over-year decline signals headwinds in areas where Fiserv has historically driven consistent growth.
Shares are down 13% in the last month, with the majority of that coming in the last two days after the company reported weak earnings that missed expectations. Though, Royal Caribbean revenue was up to $5.14 billion, a 5.2% increase over the prior period, this fell short of the $5.17 billion retail investors and Wall St were expecting. And things look worse the deeper you dig.
