In the latest financial updates from Wall Street, British agricultural and construction equipment company CNH Global N.V. (NYSE: CNH) has reported a third-quarter profit of $0.36 per share, exceeding expectations by 23 cents. The company’s revenue of $4.4 billion also surpassed forecasts by approximately $150 million. However, despite this positive earnings surprise, CNH provided a rather disappointing guidance for the remainder of 2025, projecting earnings between $0.44 and $0.50 per share, which falls short of the Wall Street expectation of $0.59. This negative outlook has led to a significant decline in CNH’s stock, which is down more than 7%. The Vanguard S&P 500 ETF (NYSEMKT: VOO) has also seen a decline, currently down by 1.1%.
In contrast, Canadian marijuana giant Canopy Growth (Nasdaq: CGC) reported a fiscal second-quarter loss of Cdn$0.01, better than the anticipated loss of Cdn$0.13. The company’s revenue saw a boost, reaching Cdn$67 million, exceeding expectations by over Cdn$15 million. This positive development has lifted Canopy’s stock, which is up more than 3%.
Meanwhile, Duke Energy (NYSE: DUK) surprised investors with a third-quarter profit of $1.81 per share, beating forecasts by five cents, and showing revenue of $8.5 billion. However, Duke has issued cautious guidance for the full year, forecasting earnings between $6.25 and $6.35 per share, slightly below the analysts’ consensus of $6.32. Despite this, Duke’s stock has remained stable, trading flat relative to Thursday’s close.
As the Vanguard S&P 500 ETF opened lower on Friday, down 0.35%, investors continue to seek economic guidance amidst an ongoing federal government shutdown that has halted significant data releases from the Bureau of Labor Statistics (BLS). For the second consecutive month, key employment data that could offer insights into job market conditions have not been published. Economists had projected a loss of 60,000 jobs for the month and an unemployment rate of 4.5%.
Earnings news has significantly impacted market sentiments. iRobot (Nasdaq: IRBT) reported a loss of $0.23 per share for the third quarter, missing earnings expectations by 68 cents. With quarterly sales reported at $145.8 million, below the anticipated $150 million, iRobot’s stock has seen a drastic drop of 12.5%. Lionsgate Studios (Nasdaq: LION) also underperformed, reporting a loss of $0.20 per share and revenue of $475.1 million, well below the projected $541 million, leading to a decrease of more than 3% in its stock price.
In a related financial update, Constellation Energy Group (Nasdaq: CEG) reported a third-quarter profit of $3.04 per share, missing expectations by five cents. However, its revenue was higher than anticipated, totaling $6.6 billion. Constellation cautioned about its earnings for the year, providing a forecast that indicates potential lower profits than what analysts had hoped for, resulting in another decline of over 3% in its stock.
Investors will be closely monitoring these developments as earnings season continues, along with the economically significant BLS data that remains pending.
