Keurig Dr. Pepper stock pops as investors await Big Tech earnings from Apple, Google, and more

Keurig Dr. Pepper (KDP) jumped about 9% in premarket trading on Monday after the beverage company raised its full-year sales forecast and exceeded Wall Street expectations for revenue.

The company reported earnings of $0.54 per share, in line with estimates, according to S&P Global Market Intelligence. Revenue of $4.3 billion topped expectations for $4.1 billion.

Bloomberg reports:

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Shares of Deckers Outdoor Corporation (DECK) sank over 8% after the company’s fiscal 2026 outlook fell short of expectations, as the company noted that consumer sentiment remains depressed in the US.

For the full year, the Hoka and UGG parent company sees earnings in a range of $6.30 to $6.39. Wall Street expected earnings at a midpoint of $6.32, according to S&P Global Market Intelligence.

The footwear and apparel maker also noted weakness in the US market. Domestic net sales decreased 2.8% year over year to $501.3 million, while international net sales increased 49.7% to $463.3 million.

Deckers reported diluted earnings per share of $1.82, in excess of the Street’s estimates for $1.58 earnings per share.

“Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant,” Deckers CEO Stefano Caroti said.

Listen to the earnings call live here.

Yahoo Finance’s Laura Bratton reports:

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Yahoo Finance’s Pras Subramanian reports:

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Blackstone (BX) stock fell 4% on Thursday after the asset manager reported earnings below expectations.

The company’s basic earnings per share of $0.80 for the third quarter, which was less than the Street was hoping for, overshadowed the 26% growth the company reported in fee-related earnings.

Blackstone also reported $54 billion in inflows during the quarter, bringing its total assets under management to $1.24 trillion.

Blackstone president Jonathan Gray told Yahoo Finance that the growing momentum in the IPO and mergers market should continue to strengthen profits in the quarters ahead.

“The deal dam is breaking, and that’s very helpful for our business,” Gray said. “That should provide support to earnings going forward.”

He also mentioned that private credit remains “much sounder” than headlines suggest and reiterated that Blackstone will lean heavily into financing data center and energy infrastructure that could benefit from the artificial intelligence boom.

Union Pacific (UNP) reported a slight earnings beat despite slowing freight volumes in the third quarter.

The railroad’s operating revenue grew 3% year over year to $6.2 billion in Q3, underpinned by strong volumes in coal and renewables, which were up 16% compared to last year.

Earnings per share of $3.01 topped analysts’ expectations for earnings of $3 per share. And Union Pacific’s freight car velocity was 226 daily miles per car, an 8% improvement.

The results come as railroad companies have been challenged by decelerating rail volume. In Q3, rail volume increased just 0.4%, a deceleration from the 2.3% annual growth seen in the prior quarter, according to Jefferies.

Union Pacific and Norfolk Southern (NSC) will hold shareholder votes on Nov. 14 to cement a railroad megamerger, subject to regulatory approval, that will see the companies expand their operations across the East and West Coasts.

American Airlines’ (AAL) third quarter wasn’t as bad as feared, and the stock was up about 4% on an improved outlook for the current quarter.

The airline posted a loss per share of $0.17, less than the $0.27 loss analysts were expecting, according to S&P Global Market Intelligence. Revenue of $13.69 billion, up 0.3% from a year ago, also surpassed the estimate of $13.62 billion.

The company expects its adjusted earnings per diluted share to be between $0.45 and $0.75 for the fourth quarter of 2025 and $0.65 and $0.95 for the full year. Analysts were expecting earnings at a midpoint of $0.32 per share in the fourth quarter and $0.42 for the full year.

American Airlines’ results come as Delta (DAL) and United (UAL) have pulled ahead, thanks to their premium offerings that attract higher-income consumers. Meanwhile, budget air carriers and hotels have struggled more as a bifurcated consumer environment takes shape.

In the previous quarter, American called out that it could hit the top end of its full-year earnings range “if demand in the domestic market continues to strengthen” but said that macro weaknesses could cause it to fall short.

T-Mobile (TMUS) third quarter earnings beat estimates as it reported solid customer addition numbers. But the stock fell 0.6% in premarket trading.

The cell carrier added 2.3 million new postpaid customers during the quarter, a 772,000 increase year over year. Of the 2.3 million additions, 1 million were additions for its phone service.

It also raised its full-year guidance for total postpaid customer additions, which are now expected to be between 7.2 million and 7.4 million, compared to its previous guidance of 6.1 million to 6.4 million.

The company reported earnings of $2.41 per share, which it said included an $0.18 per share impairment charge. Wall Street was projecting earnings of $2.40 per share, according to S&P Global Market Intelligence.

Revenue of $21.95 billion slipped just below the Street’s expectation of $21.96 billion.

“Q3 once again proves that our differentiated strategy is working — more and more consumers recognize our industry-leading network and elevated customer experiences through digital innovation,” said Srini Gopalan, the incoming CEO who is taking the reins from Mike Sievert on Nov. 1.

Tesla’s earnings call has begun, and you can listen to it live here on Tesla’s stock page.

“We are at a critical inflection point for Tesla,” CEO Elon Musk said at the beginning of the call.

Musk opened the call by talking about Tesla’s artificial intelligence capabilities, Full Self-Driving software, energy storage, and the Optimus robot.

Investors will be listening closely for updates on Tesla’s Robotaxi expansion.

Read more about Tesla’s earnings here.

Southwest Airlines (LUV) unexpectedly posted a profit in the third quarter and reported record third quarter revenue as it undertakes a strategic turnaround plan. The stock rose over 2% in after-hours trading.

The airline reported earnings per share of $0.11. Wall Street analysts were expecting a loss per share of $0.03, according to S&P Market Intelligence.

Southwest also said its quarterly revenue of $6.95 billion marked its highest ever for the third quarter. Revenue was in line with analysts’ estimates of $6.93 billion in sales. During the quarter, Southwest implemented several changes, including assigned seating and free in-flight WiFi.

“We continue to make substantial progress as we execute the most significant transformation in Southwest Airlines’ history,” Southwest CEO Bob Jordan said. “We quickly implemented many new product attributes and enhancements, and the results are showing.”

International Business Machines (IBM) stock dropped nearly 5% after reporting third quarter results.

Revenue climbed 9.1% year over year to $16.33 billion, driven by infrastructure and software. That was ahead of estimates of $16.1 billion, as compiled by Bloomberg. IBM sales continue to be boosted by demand for artificial intelligence and the technology that supports it.

The closely watched software segment reported revenue of $7.21 billion, in line with estimates. Growth for IBM’s hybrid cloud (Red Hat) segment decelerated during the quarter but was still up by double digits.

“Everyone was really focused in on the software segment revenue because they had missed on that in the first and second quarter,” Synovus vice president Dan Morgan told Yahoo Finance about the market’s initial reaction. “Looks to me like a good report,” he added.

IBM reported non-GAAP earnings of $2.65, compared to estimates of $2.45, according to S&P Global Market Intelligence.

“Our AI book of business now stands at more than $9.5 billion,” IBM CEO Arvind Krishna said. “Given the strength of our business, we are raising our full-year outlook for revenue growth and free cash flow.”

Read more here.

Tesla (TSLA) reported an earnings miss on Wednesday, sending the stock lower in after-hours trading.

The EV maker reported adjusted earnings per share of $0.50, compared to consensus estimates of $0.54, according to Bloomberg data.

Revenue increased 12% year over year to $28.10 billion, compared to estimates of $26.36 billion.

Free cash flow of $3.99 billion came in well above estimates of $1.25 billion.

Yahoo Finance’s Pras Subramanian reports:

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From Bloomberg:

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