Q3 earnings: AI, space and infrastructure names beat; consumer names weak
Space, data-center and software names (BlackSky, MDA, Core Scientific, Unity, ACMR) beat and raised, while restaurant and consumer names (Papa John's, Wendy's, Peloton) were soft.
What we know
Core Scientific revenue rose 187% and ACM Research raised guidance well above consensus. BlackSky and MDA raised guidance. On the weaker side, Shift4 cut its guide, Papa John's missed, and Wendy's sales fell 5.9%. Toyota had its biggest one-day gain since 1987 after raising its profit forecast.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.