$TWLO Twilio delivered a strong third quarter with non-GAAP EPS of $1.65, beating estimates by $0.18, and revenue of $1.56 billion, surpassing expectations by $50 million and marking 20% year-over-year growth. The company’s dollar-based net expansion rate improved to 114%, up from 109% a year ago, signaling solid customer retention and expansion. Twilio’s outlook for Q4 anticipates revenue between $1.595 billion and $1.605 billion, with non-GAAP EPS guidance of $1.48 to $1.53. Despite a 16% reduction in shares outstanding, Twilio’s results highlight ongoing momentum in its cloud communications platform amid a competitive landscape.
$CWT California Water Service Group reported Q3 net income of $65.4 million, or $1.05 per diluted share, with revenues rising 6.7% to $332.2 million, driven by rate increases and new customer additions. Operating expenses grew modestly, reflecting investments in water conservation and tax adjustments. Management emphasized record infrastructure spending nearing $425 million year-to-date and expects to file for a $49 million step increase in rates by mid-November, positioning the company for nearly 12% compound annual growth in its rate base through 2028. The anticipated acquisitions in Oregon and Nevada are on track to close before year-end, supporting long-term growth and regulatory upside.
$BFLY Butterfly Network posted a 52% year-over-year revenue increase to $32.6 million in Q3, beating prior guidance and prompting an upward revision for full-year 2026 revenue to $123 million–$126 million. The company highlighted strong enterprise contract growth in the U.S., including multiple seven- and six-figure deals largely tied to software and multiyear agreements. Butterfly achieved FedRAMP authorization, opening doors to significant government healthcare contracts. The upcoming launch of its P5.1 ultrasound device in early 2027 and a new $150 million at-the-market equity program provide financial flexibility as Butterfly targets adjusted EBITDA and positive cash flow by 2028.
$EXEL Exelixis reported Q3 non-GAAP EPS of $0.94, beating estimates by $0.04, with revenue of $658.7 million, up 10.2% year-over-year and exceeding expectations by over $10 million. The company maintained its full-year revenue guidance of $2.5 billion to $2.55 billion and reiterated R&D and SG&A expense ranges. Notably, Exelixis expects a lower effective tax rate of 16% to 18%, down from prior guidance, which could enhance profitability. Despite an FDA review delay for its zanzalintinib drug, Exelixis’s steady financial performance underscores resilience in its oncology portfolio.
$SBUX Starbucks beat Q4 EPS estimates with non-GAAP earnings of $0.80 per share, $0.09 above consensus, but revenue of $9.14 billion missed by $90 million, declining 4.8% year-over-year. The company introduced fiscal 2027 guidance reflecting a 53-week year, forecasting a slight 1% revenue decline largely due to transitioning China retail operations to a licensed joint venture model. Starbucks expects 4% comparable coffeehouse sales growth in North America and plans to open approximately 1,200 net new stores globally. Operating margins are projected between 13.5% and 14%, with non-GAAP EPS guidance of $3.15 to $3.25, slightly above analyst expectations.
$SPSC SPS Commerce reported Q3 revenue of $197.6 million, up 4% from last year despite divesting its 3P Revenue Recovery business. Net income rose to $30.7 million, or $0.85 per diluted share, while non-GAAP income increased to $50.2 million, or $1.39 per share. Adjusted EBITDA grew 17% to $70.9 million, reflecting strong operating leverage and margin expansion driven by the company’s agentic transformation strategy and AI-enhanced supply chain network. SPS repurchased $48.8 million in shares during the quarter and expects Q4 revenue between $199.3 million and $201.3 million, with non-GAAP EPS guidance of $1.31 to $1.36.
$SNDR Schneider National and Norfolk Southern announced a strategic partnership to expand domestic intermodal capacity across the eastern U.S. Combining Schneider’s 35 years of intermodal expertise, company-owned assets, and driver network with Norfolk Southern’s rail infrastructure investments aims to offer shippers a more efficient, flexible alternative to over-the-road transport. This collaboration is expected to enhance supply chain resilience and network scalability amid growing demand for intermodal solutions, with Norfolk Southern’s intermodal volumes already up 3% in Q3 2026.
$WMT Walmart and Symbotic expanded their long-standing partnership to deploy advanced AI-powered robotics automation across 25 U.S. regional distribution centers, supporting Walmart’s broader supply chain transformation. The multi-year agreement, valued at approximately $6 billion, aims to increase storage capacity, improve e-commerce inventory management, and accelerate product flow. Walmart’s investment in Symbotic’s integrated robotic and software platform underscores its commitment to enhancing operational efficiency and customer service across its global supply chain network.
$MA Mastercard shares rose 4.2% in after-hours trading following a strong Q3 report that beat expectations on both adjusted EPS of $5.31 and revenue of $9.8 billion, up 21% and 14% year-over-year respectively. The company’s operating margin improved to 59.8%, supported by growth in gross dollar volume and purchase volume. Despite a relatively stable trading pattern over the past year, today’s gains reflect investor approval of Mastercard’s robust financial results and ongoing market leadership in payments technology. The stock recently hit a new 52-week high near $636.
$TWI Titan International shares plunged 24.2% after reporting Q3 results marked by a 12% revenue decline in its agricultural division amid challenging macroeconomic conditions and elevated farmer costs. The company’s adjusted EBITDA and free cash flow fell short of analyst expectations, and guidance for Q4 revenue and full-year EBITDA came in below consensus. Titan’s stock has been volatile, down 37.6% year-to-date and trading well below its 52-week high, reflecting investor concerns over near-term headwinds in the farm machinery sector.
Did you know?
The stock market has historically rewarded companies that consistently grow their revenues and earnings, but even strong earnings beats don’t always lead to immediate stock price gains—investor sentiment and broader market conditions often play a crucial role in how stocks react after earnings announcements.
Disclaimer
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