United Airlines forecasts its highest-ever quarterly revenue driven by increased travel demand and improved pricing, with an expected adjusted profit of $3.00 to $3.50 per share for the current quarter, surpassing analyst estimates, as it invests in customer experience and benefits from a strong premium and international travel market.
Broadcom's stock rose over 5% after surpassing earnings estimates and raising Q4 guidance, driven by strong AI chip sales and record revenue of $16 billion in Q3 2025, with continued growth expected in AI and software segments.
Apple reported its fiscal Q3 2025 results with a record $94 billion in revenue, a 10% increase year-over-year, and a 12% rise in earnings per share to $1.57, driven by record revenue in services and overall growth.
Nvidia's shares rose 5% despite a forecasted revenue miss due to U.S. export restrictions impacting sales to China, with the company stockpiling chips before restrictions took effect. The restrictions are expected to cut $8 billion from upcoming sales, but Nvidia remains optimistic about demand for its new Blackwell chips and new deals in the Middle East. CEO Jensen Huang highlighted geopolitical challenges but also praised recent policy changes and emphasized ongoing growth opportunities in AI infrastructure, despite short-term setbacks.
Warner Music Group reported its highest quarterly revenue ever, up 17% to $1.75 billion, but CEO Robert Kyncl announced a 10% staff reduction, about 600 people, to free up $200 million in cost savings for reinvestment in the company, with much of the reduction coming from owned media properties and corporate roles. Kyncl emphasized the move is from a position of strength and aims to increase funding behind artists and songwriters, new skill sets, and tech, to align with the evolving music industry.
General Motors exceeded fourth-quarter estimates with revenue $4 billion above consensus, leading to a 7.7% stock surge. The company's net income rose to $2.102 billion, or $1.59 a share, and adjusted per-share earnings were $1.24, beating expectations. CEO Mary Barra expressed confidence in the U.S. economy, job market, and EV sales, with plans to relaunch its self-driving Cruise business. Despite challenges in the EV sector, GM expects its U.S. EV portfolio to become profitable in the second half of the year and anticipates 2024 EPS of $8.50 to $9.50, surpassing analyst expectations.
Alibaba plans to spin off its cloud division as a separate, publicly-traded company, following the announcement of its quarterly revenues missing expectations. The company's board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with the intention for it to become an independent publicly listed company. Despite a rise in competition, Alibaba's results remain an important indicator of the world's second-largest economy, as China generates almost 50% of the world's online shopping transactions.