Enphase Sinks About 17% as It Guides Revenue as Low as $225 Million and Bets on AI Data Center Power
Enphase reported Q3 revenue of $293.3 million and guided Q4 to $225-$255 million as U.S. residential solar sell-through fell 35% year over year.
Markets
Daily stock market news and earnings coverage: what moved the market, why individual stocks rose or fell, and what to watch next.
Vertiv Jumps After Orders More Than Double and It Adds $650 Million to Its 2026 Sales Forecast
Vertiv reported third-quarter sales of $4.31 billion, up 61%, organic orders growth above 100% and raised its 2026 sales guidance by $650 million.
The Fed Holds at 3.75%-4%, but Two Dissents for a Hike Show How Close the Next Move Could Be
The FOMC left the federal funds rate at 3.75% to 4% by a 10-2 vote, with Lisa Cook and Beth Hammack preferring a quarter-point hike, after a September CPI reading of 3.7%.
Oracle Jumps About 12% After Investor Day Puts a Ceiling on Fundraising and a Date on Free Cash Flow
Oracle set an FY30 target of $225 billion-plus in revenue, promised positive free cash flow in the second half of FY28 and capped new capital raises at $20 billion. The stock rose about 12% by mid-afternoon.
Visa Closes a Record $45.9 Billion Year, but Slower Spending Growth and Rising Incentives Cool the Reaction
Visa reported fiscal fourth-quarter revenue of $12.1 billion, up 13%, and guided to low-double-digit growth in fiscal 2027 as payments volume growth eased to 9%.
Robinhood Posts Its Biggest Revenue Quarter Ever, but a 55% Crypto Slump Drags Profit Lower
Robinhood's third-quarter revenue rose 12% to $1.42 billion, yet net income fell 14% as crypto revenue dropped 55% and net interest income slipped 9%.
Tech Lifts Wall Street as the Fed Starts a Meeting With Inflation at 3.7% and 10-Year Yields Near 5%
The S&P 500 rose about 0.6% and the Nasdaq about 1.1% on October 27 as the Fed began a two-day meeting, with inflation at 3.7% and Big Tech earnings ahead.
Cintas Slides on FTC Report as Its $5.5 Billion UniFirst Deal Faces a Longer Road
Cintas shares fell about 7% after reports that the FTC plans to sue to block its $5.5 billion UniFirst acquisition; the companies had already agreed not to close before December 11.
Xylem Trims Its 2026 Outlook as Project Timing and Cautious Spending Hit Revenue
Xylem cut its full-year adjusted EPS guidance to $5.40-$5.45 and now expects flat organic revenue, even as orders rose 10% organically in the third quarter.
PayPal Lifts Its 2026 Profit Outlook to $5.60 a Share, but Growth Remains in the Low Single Digits
PayPal raised its full-year adjusted EPS guidance to about $5.60 from $5.38 as third-quarter revenue rose 2% to $8.58 billion and payment volume grew 6%.
