Earnings live: Baker Hughes stock rises as Big Tech earnings come into view

Capital One (COF) banal slid successful extended trading hours aft the fiscal institution announced it entered into a definitive statement to get fintech institution Brex Inc. for $5.15 cardinal successful 50% currency and 50% stock.

Brex provides concern recognition cards, spending accounts, and disbursal absorption software. The acquisition is Capital One's latest enlargement into fintech aft it bought Discover for $35 cardinal past year.

News of the woody came arsenic Capital One reported 4th fourth net that bushed expectations. The Virginia-based institution reported net per stock of $3.26 per share, beating estimates of $3.23, according to S&P Global Market Intelligence.

Total nett gross accrued 1% twelvemonth implicit twelvemonth to $15.6 billion, besides coming successful supra estimates for $15.4 cardinal successful revenue.

“Our 4th fourth and afloat twelvemonth results bespeak coagulated apical enactment maturation and beardown and unchangeable recognition performance" CEO Richard D. Fairbank said successful a statement. "Years of strategical mentation and our choices to consistently put to prolong semipermanent maturation and returns alteration our results and enactment america successful a beardown presumption going forward. I’m struck by the fig and prime of the opportunities we person earlier us.”

Listen to the net telephone unrecorded present astatine 5 p.m. ET.

Houston-based lipid tract services institution Baker Hughes (BKR) reported 4th fourth net connected Sunday that bushed expert expectations arsenic the company's absorption connected liquefied earthy state and concern vigor infrastructure paid off.

Baker Hughes reported net per stock of $0.88, which was amended than the $0.67 per stock Wall Street was expecting, according to S&P Global Market Intelligence. Revenue of $7.3 cardinal besides came successful higher than the Street estimation of $7 billion.

The banal roseate much than 2% successful premarket trading.

The Industrial & Energy Technology conception saw continued spot and secured a grounds backlog of $32.4 billion, the institution said.

"Looking ahead, we expect IET orders to stay astatine robust levels, supported by continued momentum successful LNG, a stronger twelvemonth of FPSO [floating accumulation retention and offloading] and state infrastructure awards, and sustained spot for powerfulness systems," Baker Hughes CEO Lorenzo Simonelli said successful the net release. "Against this favorable backdrop, we task akin levels of integrated IET orders successful 2026."

Listen to the company's net telephone astatine 9:30 a.m. ET.

Next week, 4 of the "Magnificent Seven" stocks study results: Microsoft (MSFT), Meta (META), Tesla (TSLA), and Apple (AAPL).

There are a mates of reasons wherefore markets volition beryllium intimately watching these reports. For one, thing related to artificial quality continues to thrust the markets. And for another, the Magnificent Seven names person been the apical contributors to S&P 500 net maturation successful caller quarters.

Those trends are expected to proceed successful the 4th fourth reporting season. According to a enactment by FactSet's elder net expert John Butters, analysts expect Magnificent Seven companies to study net maturation of 20.3% successful aggregate for Q4. For the remaining 493 companies successful the S&P 500, the aggregated net maturation complaint is expected astatine 4.1%.

Read much astir what to expect from Big Tech net here.

Alaska Air Group (ALK) saw advancement successful its premium spot and planetary formation propulsion successful the latest motion of hose contention for high-income customers.

On Thursday, the hose reported adjusted net of $0.43, supra statement estimates of $0.11 per share, according to information compiled by S&P Global Market Intelligence. Revenue of $3.6 cardinal was astir successful enactment with expert estimates connected yearly capableness maturation of 2.2%.

Alaska Air chiefly operates routes on the US West Coast and plans to grow its planetary flights from 2 to 5 to yet 12, including flights to London and Rome. The banal roseate 6.6% connected Friday afternoon.

Echoing results from Delta (DAL) and United (UAL), Alaska Air said it saw beardown request successful its premium conception successful its net telephone connected Friday.

First Class and Premium Class revenues grew 7.1% twelvemonth implicit year, compared to a 2.4% diminution for Main Cabin revenues. However, adjacent Main Cabin income saw immoderate betterment from the 3rd quarter, the institution said.

"We've truly seen the betterment successful the request illustration crossed each conception of the business, ... certainly, premium and loyalty are the biggest drivers of that," CFO Shane Tackett said connected the net call. "But I deliberation we really similar the trends we're seeing successful Main Cabin close now."

Booz Allen Hamilton Holding Corporation (BAH) said its declaration pipeline was accelerating again aft a twelvemonth of authorities cost-cutting efforts from the Department of Government Efficiency (DOGE) pressured the defence consultancy's business.

"Our nationalist information concern continues to spot bully maturation and precise bully prospects, but I deliberation what's truly breathtaking to america is our civilian concern is starting to reignite," CEO Horacio Rozanski said connected the net call, adding, "The marketplace does consciousness similar it's astatine an inflection point."

The company's income backlog roseate 2% twelvemonth implicit twelvemonth to $38 cardinal successful the 3rd quarter.

Overall gross successful the 3rd 4th declined 10% twelvemonth implicit twelvemonth to $2.6 billion, missing Wall Street estimates of $2.7 billion, according to S&P Global Market Intelligence. But adjusted profits roseate to $1.77 per share, beating analysts' estimates of $1.27.

The banal jumped by 6% successful premarket trading connected Friday connected Booz Allen Hamilton's upbeat net guidance.

The institution somewhat lowered the apical extremity of its full-year gross guidance to a scope of $11.3 billion-$11.4 cardinal from $11.3 billion-$11.5 cardinal previously. But it raised its adjusted diluted net per stock guidance to $5.95-$6.15 from $5.45-$5.65 previously.

Aluminum shaper Alcoa (AA) banal gained successful after-hours trading pursuing top- and bottom-line beats, arsenic higher aluminum prices boosted results contempt little shipments.

Alcoa posted adjusted net per stock of $1.26 for the 4th quarter, supra estimates for $1.01, according to S&P Global Market Intelligence. Unadjusted net of $0.85 per stock missed estimates, which the institution attributed to an $337 cardinal concern nonaccomplishment from its Saudi Arabian mining institution Ma’aden, $144 cardinal goodwill impairment charge, and currency fluctuations.

Revenue accrued 15% twelvemonth implicit twelvemonth to $3.4 billion, supra estimates of $3.27 billion. The institution said its aluminum accumulation accrued 5% portion alumina accumulation decreased 4% twelvemonth implicit year. The summation successful aluminum prices, much than offset the higher tariff costs connected Canadian aluminum imported to the US, the institution said.

Alcoa banal roseate 1.6% connected Thursday day and is up 18% twelvemonth to date.

Freeport McMoran (FCX) bushed adjusted net and gross estimates for the 4th quarter, but reported little accumulation of the copper, gold, and molybdenum it mines. The banal fell fractionally successful midday trading connected Thursday.

Freeport McMoran said it produced 640 cardinal pounds of copper, 65,000 ounces of gold, and 25 cardinal pounds of molybdenum successful the 4th quarter, down from the 1.04 cardinal pounds of copper, 432,000 ounces of gold, and 22 cardinal pounds of molybdenum it produced successful the aforesaid 4th a twelvemonth ago.

Copper accumulation was severely deed aft a deadly mudslide successful September took retired the company's Grasberg copper excavation successful Indonesia, the world's second-largest copper mine. On the net call, CEO Kathleen Quirk said the closure impacted copper volumes by 10% for the twelvemonth compared to its forecasts going into 2025.

Quirk said the institution is connected way to resume operations astatine the Grasberg excavation successful the 2nd 4th of 2026, and Freeport McMoRan COO of the Indonesia concern Mark Johnson added that helium doesn't spot "any existent hurdles astatine this constituent to beryllium capable to commencement up arsenic we planned."

For the 4th quarter, the institution posted adjusted net of $0.47 connected gross of $5.6 billion. Wall Street analysts were looking for adjusted net of $0.32 connected gross of $5.3 billion.

A rally successful copper and golden prices past twelvemonth helped boost the miner's results, though that roar is wide expected to dilatory oregon adjacent backtrack successful 2026.

"Global inventories of copper connected exchanges person risen successful caller months, during a play of crisp increases successful copper prices," Quirk said connected the net call. "Most analysts are projecting that the marketplace volition beryllium tightly balanced during 2026 with immoderate projecting deficits and different tiny surpluses."

McCormick & Co. (MKC) shares dropped aft the institution posted mixed fiscal 4th fourth results and a softer outlook.

The nutrient institution reported adjusted net of $0.86 connected gross of $1.85 billion. The Street forecast adjusted net of $0.88, alongside gross of $1.84 billion, according to Bloomberg statement data.

Volume maturation was softer too, up 0.2% compared to expectations of a 0.9% increase. In its full user segment, which includes items specified arsenic spices, herbs, look mixes, and condiments, income accrued by 3.9% for the quarter.

Barclays expert Andrew Lazar said successful a enactment to clients that "the continued top-line spot for the halfway user conception is inactive a cardinal differentiator."

For fiscal twelvemonth 2026, McCormick expects adjusted net to beryllium successful a scope of $3.05 to $3.13, little than the $3.23 Wall Street was looking for.

CEO Brendan Foley outlined what was down the cautious outlook, saying successful a telephone with investors: "The situation crossed our cardinal markets is marked by volatility and continued unit from inflation, geopolitical and commercialized uncertainty, and menace of rising unemployment, and wide user assurance remains low."

"Consumers, particularly low- to middle-income households, proceed to marque much predominant trips to the store portion purchasing less units per trip, a inclination that was evident astatine the commencement of the twelvemonth and accelerated done the 4th quarter," Foley added.

Yahoo Finance's Brian Sozzi spoke to Procter & Gamble CFO Andre Schulten astir the company's mixed quarterly results arsenic consumers traded down to cheaper backstage statement options.

"We are seeing income maturation successful our categories successful the US and Europe, albeit astatine a slower pace," Schulten told Yahoo Finance.

"The user is choosing to beryllium a small spot much diligent successful presumption of utilizing pantry inventory, possibly dosing the merchandise a small spot much carefully, possibly making choices successful presumption of however often they use," Schulten said. "None of this is untypical. None of this volition sustain. So we firmly judge the class implicit clip volition instrumentality to 3 to 4% growth."

The Street has braced for softer results from P&G, with the banal down astir 6% successful the past six months.

"The K-shaped system powers trade-down successful basics but trade-up wrong the much discretionary Beauty sub-sector," said Evercore expert Robert Ottenstein connected the headwinds user products companies are presently experiencing.

Read much astir P&G results here.

Procter & Gamble (PG) banal dipped pursuing the user packaged goods company's fiscal 2nd 4th results and softer net per stock outlook.

The Tide laundry detergent shaper reported adjusted net per stock of $1.88 connected gross of $22.2 billion. Wall Street analysts were expecting adjusted net of $1.86 connected gross of $22.2 billion, according to S&P Global Market Intelligence.

Net income grew 1% twelvemonth implicit year, with 5% income maturation successful the quality and wellness attraction segments, 2% maturation successful grooming products, 1% maturation successful cloth and location care, and a 3% diminution successful income maturation for baby, feminine, and household care.

P&G's caller CEO, Shailesh Jejurikar, who began astatine the commencement of the year, stated, "We person assurance successful our plans to present stronger results successful the second-half of the fiscal year. We stay committed to our integrated maturation strategy and are excited by the accidental up to reinvent P&G and make the CPG institution of the future, delivering semipermanent balanced top- and bottom-line maturation and worth creation."

The institution dialed down its full-year outlook for net per stock maturation to a scope of 1% to 6% maturation from its erstwhile guidance of 3% to 9% arsenic it faces charges from restructuring.

GE Aerospace (GE) reported better-than-expected net connected Thursday arsenic orders for commercialized pitchy engines and defence technologies surged successful the past 3 months of the year.

Fourth 4th gross of $12.7 cardinal roseate 18% twelvemonth implicit twelvemonth and bushed Wall Street estimates of $11.1 billion, according to S&P Global Market Intelligence. Adjusted net per stock of $1.57 besides topped estimates of $1.43.

The banal wavered successful premarket trading, however.

For the afloat year, GE expects profits successful the scope of $7.10-$7.40 per stock and adjusted gross maturation successful the debased treble digits, successful enactment with estimates.

Abbott (ABT) banal fell 5% earlier the doorbell connected Thursday aft missing Wall Street estimates for quarterly ​revenue, deed by ‌weakness successful its diagnostic and nutrition business.

Reuters reports:

Read much here.

Yahoo Finance's Daniel Howley previews what to expect for Big Tech earnings, which are close astir the corner:

Read much here.

Charles Schwab (SCHW) banal roseate implicit 1.7% connected Wednesday aft the brokerage and plus manager posted 22% yearly gross growth, supported by grounds trading volumes, but missed the precocious expectations acceptable by Wall Street.

Fourth 4th net per stock of $1.33 fell abbreviated of expert estimates of $1.35 per share, according to S&P Global Market Intelligence. Revenue of $6.33 cardinal besides came up abbreviated of expectations for $6.39 billion.

"While we had anticipated immoderate moderation successful lawsuit trading enactment towards the backmost extremity of the year, we alternatively saw an acceleration successful activity, which contributed to higher volume-related costs, inclusive of performance-based compensation," Charles Schwab CFO Michael Verdeschi said connected the net call.

Net involvement gross grew 25% twelvemonth implicit twelvemonth to 3.1 billion. Asset absorption gross accrued 14% to $1.7 billion. And gross from trading surged 22% to $1 billion.

Schwab brought successful grounds lawsuit assets during the quarter, the institution said, arsenic full lawsuit accounts grew 6% year-over-year to 46.5 million.

The latest 4th from Netflix (NFLX) near Wall Street wanting more, Yahoo Finance's Brian Sozzi writes.

Read much here.

Oil services supplier Halliburton (HAL) posted better-than-expected net and gross for the 4th quarter, sending its shares up 2%.

The Houston-based institution reported profits of $0.70 per diluted share, beating Wall Street estimates of $0.55 per share, according to S&P Global Market Intelligence. Profits were level from a twelvemonth ago, erstwhile the institution besides posted net of $0.70 per share.

Revenue of $5.7 cardinal besides came successful stronger than the $5.4 cardinal estimated. It was besides higher than the $5.6 cardinal successful gross reported a twelvemonth ago.

Halliburton's gross successful its Completion and Production conception was astir unchanged from a twelvemonth agone astatine $3.3 billion, portion gross successful the Drilling and Evaluation portion was $2.4 billion, besides flat.

While the lipid majors person shown reluctance successful exploring Venezuelan lipid pursuing the US's removal of Nicolás Maduro (ExxonMobil's (XOM) CEO called it "uninvestable"), lipid infrastructure companies similar Halliburton person shown much eagerness to revisit the country.

Reuters reported connected Tuesday that the institution has started looking astatine resumes for roles successful the country, successful a motion that Halliburton whitethorn beryllium acceptable to reenter Venezuela.