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Darden Restaurants stock declined after reporting quarterly earnings and revenue that fell short of Wall Street expectations, with same-store sales growth at Olive Garden slowing considerably.
Oracle reported 30% revenue growth in its latest quarter, beating estimates, driven by strong cloud infrastructure demand. However, the stock closed down 2% as investor concerns about the company’s $125 billion debt pile persisted.
Samsung Electronics reported record third-quarter operating profit of $80.2 billion, driven by robust demand for artificial intelligence chips, though shares declined slightly despite the historic result.
J.B. Hunt shares fell 13% after the trucking company warned third-quarter earnings would decline 5-10%, citing increased recruiting and training costs plus elevated fuel prices.
Third-quarter earnings season begins with analysts projecting nearly 30% year-over-year profit growth for the S&P 500, potentially propelling stocks higher through year-end despite rising bond yields.
Nike reported declining revenues and net income for the fiscal first quarter while announcing a restructuring plan involving layoffs beginning in 2027, causing shares to drop roughly 3% in extended trading.
