Business — Page 11

Revenue reached $17.35 billion, up 0.6% from a year earlier but $110 million below estimates.

Second-quarter net sales reached $520.8 million, beating the $470.3 million analyst estimate, while adjusted earnings per share came in at $1.21.

Revenue rose 24.9% to $1.19 billion but missed estimates by $20 million; GAAP earnings per share of $0.78 fell short by $0.14.

Adjusted EBITDA guidance is $48 million to $52 million. About $20 million in data center and critical power revenue shifted from the second half of 2026 into 2027.

Revenue totaled $3.27 billion, missing estimates by $940 million. The company also posted a 23.7% adjusted annualized return on equity excluding foreign currency remeasurement.

Revenue was $4.7 million below estimates, and GAAP earnings per share of negative $0.01 missed by $0.01.

Conductor's cloud service is due to close Nov. 20, with cloud data deletion starting afterward. Its other core features are expected to continue into early next year.

CEO Cristiano Amon tied the move to higher memory, fabrication, assembly, packaging and substrate costs.

The third quarter ended Sept. 30, 2026. Non-GAAP EPS is calculated using a company’s non-GAAP methodology.

Dutch Bros projected at least $2.1 billion in 2026 revenue, 5% same-shop sales growth and about $380 million in adjusted EBITDA, while flagging higher costs and possible sales overlap.

ZUSDURI produced $68 million in Q3 net product revenue, and repeat prescribers represented 50% of its writers.

The company projects an adjusted gross margin of 24% to 25% as cost inflation outpaces its mitigation efforts.

GlobalFoundries expects $500 million in silicon photonics revenue in 2026. Customer prepayments are expected to cover about one-third of its 2027 investment.

ArcBest also projects $7 million to $10 million in fourth-quarter non-GAAP operating income for its Asset-Light segment.

The firm also predicts one-third of banks will announce AI transformation programs and a 50% increase in AI banking technology mergers and acquisitions.

The company accepted none of the $891.492 million tendered in its 2.650% notes due November 2040. Settlement is scheduled for Nov. 9.

Three transactions involving Medical Mutual of Ohio are expected to add $0.40 to $0.50 in annual core EPS once all are complete.

The Gulf of America acquisition contributed to third-quarter output and was included in the higher outlook. Adjusted free cash flow was about $186 million for the quarter.

Third-quarter revenue fell 16.1% year over year to $330.2 million, and non-GAAP earnings per share was $0.06.

Earlier investments in 2026 carried total yields in the low- to mid-teens. Quarterly net investment income was $0.23 per share, below the regular $0.29 dividend.

Management expects a Dec. 17 classification to support the full one-gigawatt path; the company also raised its total repurchase authorization to $1 billion.

The company recorded about 6% growth over the previous six months and maintained most of its 2026 production guidance.

Management plans to discuss the Westlake Chemical OpCo LP contract in 2027 and considers its current margin appropriate.

The company reaffirmed its earlier target to add C$2 billion in normalized free funds flow by 2028, based on US$65 WTI.

Management’s assumptions include about 7% gross inflation, roughly 3% savings and 4% net inflation. Pricing is a mitigation.

The company projects sales of $1.905 billion to $1.975 billion and adjusted EBITDA of $405 million to $435 million, with capital expenditures of up to approximately $140 million.

The company had about $17.51 billion in remaining STRC issuance capacity, and its November annualized dividend rate was 12%.

The roughly $275 million deal is expected to add about $280 million in annualized revenue, pending customary regulatory approvals.

Management linked improved gas pricing and stronger cash flow to a shift in gas sales from Waha to Hugh Brinson.

Matrix posted its third consecutive profitable quarter, with earnings of $0.22 per diluted share compared with a year-earlier loss of $0.13 per share.

The segment reported $1.635 billion in adjusted operating income and $35.498 billion in revenue for the quarter ended Sept. 30. CVS plans to separate its retail pharmacy business by the first half of 2028.

SelectQuote reported a $17 million adjusted EBITDA loss for its fiscal first quarter. Management described the second quarter as its typical peak investment quarter.

Promotional spending rose as sportsbook revenue grew 4%. Flutter also posted a $1.15 billion net loss that included an impairment tied mainly to Brazil.

Payment is scheduled for Dec. 1, 2026, to shareholders of record Nov. 13.

The payment is scheduled for Dec. 1. Nov. 13 is both the record date and the ex-dividend date.

Payment is scheduled for Dec. 1, 2026, to shareholders of record Nov. 13.

Ternium's earlier outlook put fourth-quarter 2026 adjusted EBITDA near its third-quarter level.

Payment is scheduled for Dec. 1, 2026, to holders of record Nov. 13.

Shareholders of record Nov. 13 are scheduled to receive the payment Dec. 1. The amount is unchanged from the previous quarter.

The payment is scheduled for Dec. 1, with Nov. 13 as both the record date and ex-dividend date.