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Starbucks reported mixed quarterly results with international sales disappointing but U.S. performance exceeding expectations, as CEO Brian Niccol’s turnaround strategy gains traction.
Rivian beat third-quarter earnings estimates as it expanded R2 deliveries and improved financial guidance for 2026, with shares rising roughly 7% in afterhours trading.
Nvidia and Qualcomm dropped more than 9% Thursday after midterm election results raised concerns about a slowdown in artificial intelligence infrastructure development, pushing the Nasdaq to its worst day since April 2025.
Berkshire Hathaway more than doubled share buybacks to $9.6 billion in the third quarter while operating earnings fell 5.8% and overall profits dropped 28% year over year.
McDonald’s stock rose more than 6% after the fast-food chain reported quarterly earnings that beat expectations, despite U.S. same-store sales declining 0.2%.
E.l.f. Beauty reported a 51% increase in net sales for its second fiscal quarter, significantly exceeding Wall Street expectations and prompting the company to raise its full-year guidance.
