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Block stock drops after earnings miss, Airbnb pops, Opendoor pitches

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The third quarter earnings season is in full swing, with several AI players reporting results this week, including Palantir (PLTR), AMD (AMD), and Supermicro (SMCI).

So far, the earnings season is off to a positive start. As of Oct. 31, 64% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 10.7% 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 but a deceleration from the 12% earnings growth reported in Q2 of this year.

Expectations were slightly lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share during the third quarter.

Source: FactSet
Source: FactSet

This week, AI beneficiaries such as Palantir, AMD, Supermicro, Constellation Energy (CEG), Qualcomm (QCOM), and Arm Holdings (ARM) will provide quarterly updates.

Other notable results will come from Uber (UBER), Pfizer (PFE), Spotify (SPOT), Marriott (MAR), Novo Nordisk (NVO), McDonald’s (MCD), AppLovin (APP), Robinhood (HOOD), DoorDash (DASH), Snap (SNAP), AstraZeneca (AZN), Airbnb (ABNB), and Warner Bros. Discovery (WBD).

Here are the latest updates from corporate America.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

LIVE 184 updates

  • Constellation Energy stock falls after earnings fall short of estimates

    Constellation Energy (CEG) stock fell nearly 6% ahead of the market open after the energy provider reported earnings that missed expectations and narrowed its full-year operating earnings guidance.

    In Q3, Constellation posted GAAP earnings per share of $2.97, which missed analyst estimates of $3.05, according to S&P Global Market Intelligence. However, revenue of $6.57 billion exceeded analysts’ average estimate of $6.46 billion.

    Constellation also narrowed its full-year adjusted operating earnings guidance range by $0.15 on either end to a new range of $9.05–$9.45 per share. Previously, Constellation had been guiding for operating earnings guidance in a range of $8.90-$9.60 per share.

    Constellation’s nuclear fleet produced 46,477 gigawatt-hours (GWhs) in the third quarter, compared with 45,510 GWhs in Q3 2024, achieving a 96.8% capacity factor, compared with 95.% for the same period a year ago.

    Year to date, Constellation Energy’s stock is up 57%.

  • Wendy’s earnings beat estimates, shares rise in premarket trading

    Wendy’s revenue and same-restaurant sales dipped in the third quarter, but the stock climbed 9% in premarket trading, as the declines weren’t as bad as analysts feared.

    In Q3, Wendy’s reported revenue of $549 million, a 3% decline from the same period a year ago but higher than the Street’s estimate of $534 million, according to S&P Global Market Intelligence. Global same-restaurant sales also dropped by 3.7%, which was not as steep as analysts had anticipated.

    Earnings per…



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