{"id":73679,"date":"2026-10-27T07:38:17","date_gmt":"2026-10-27T11:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/earnings-season-hits-high-gear-paypal-american-tower-and-corning-beat-expectations-amid-energy-shifts\/73679\/"},"modified":"2026-10-27T07:38:17","modified_gmt":"2026-10-27T11:38:17","slug":"earnings-season-hits-high-gear-paypal-american-tower-and-corning-beat-expectations-amid-energy-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/earnings-season-hits-high-gear-paypal-american-tower-and-corning-beat-expectations-amid-energy-shifts\/73679\/","title":{"rendered":"Earnings Season Hits High Gear: PayPal, American Tower, and Corning Beat Expectations Amid Energy Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>PayPal (<a href=\"\/stock\/PYPL\">PYPL<\/a>)<\/strong> delivered a significant earnings beat with <strong>Adjusted EPS of $1.45<\/strong> (vs. $1.31 estimate) and raised its full-year profit guidance, despite a slight revenue miss.<\/li>\n<li><strong>American Tower (<a href=\"\/stock\/AMT\">AMT<\/a>)<\/strong> exceeded Q3 expectations with <strong>$2.79 billion in revenue<\/strong> and raised its full-year property revenue outlook to a range of <strong>$10.79 billion to $10.87 billion<\/strong>.<\/li>\n<li><strong>Johnson Controls (<a href=\"\/stock\/JCI\">JCI<\/a>)<\/strong> reported a strong <strong>12% organic sales growth<\/strong> for Q4, beating analyst estimates on both the top and bottom lines.<\/li>\n<li><strong>QatarEnergy<\/strong> extended its force majeure on LNG deliveries to Edison through December, signaling continued tightness in the global gas market.<\/li>\n<li><strong>Russia<\/strong> claims it can reroute all gas exports if Europe rejects supply, while a fourth Russian diesel tanker is reportedly due to arrive in the U.S. on October 28.<\/li>\n<\/ul>\n<h2>Tech and Payments: PayPal and Corning Show Resilience<\/h2>\n<p><strong>PayPal (<a href=\"\/stock\/PYPL\">PYPL<\/a>)<\/strong> reported a mixed but ultimately positive third quarter. While net revenue of <strong>$8.58 billion<\/strong> came in slightly below the <strong>$8.71 billion<\/strong> analyst consensus, the company\u2019s profitability was much stronger than anticipated. <strong>Adjusted Operating Income hit $1.61 billion<\/strong>, and the company raised its <strong>Full-Year Adjusted EPS guidance to approximately $5.60<\/strong>, up from previous estimates of $5.38.<\/p>\n<p><strong>Corning (<a href=\"\/stock\/GLW\">GLW<\/a>)<\/strong> also outperformed expectations this morning. The company reported <strong>Core EPS of 91 cents<\/strong>, beating the <strong>89-cent estimate<\/strong>, on <strong>Core Sales of $5.08 billion<\/strong>. The results suggest continued strength in optical communications and display technologies as infrastructure spending remains robust.<\/p>\n<h2>Infrastructure and Industrials: American Tower and Johnson Controls Lead<\/h2>\n<p><strong>American Tower (<a href=\"\/stock\/AMT\">AMT<\/a>)<\/strong> posted solid Q3 results with <strong>Adjusted EBITDA of $1.83 billion<\/strong>, slightly edging out the <strong>$1.82 billion estimate<\/strong>. The company\u2019s <strong>Adjusted EBITDA margin reached 65.8%<\/strong>, reflecting efficient operations across its global tower portfolio. Management\u2019s decision to raise the floor of its <strong>Full-Year Property Revenue<\/strong> guidance suggests confidence in the ongoing 5G build-out.<\/p>\n<p><strong>Johnson Controls (<a href=\"\/stock\/JCI\">JCI<\/a>)<\/strong> concluded its fiscal year on a high note, reporting <strong>Adjusted EPS of $1.66<\/strong> against an expected <strong>$1.59<\/strong>. The company\u2019s <strong>Net Sales of $7.1 billion<\/strong> were bolstered by double-digit organic growth. Looking ahead, the company issued optimistic guidance for Q1 2027, projecting <strong>Adjusted EPS between $1.15 and $1.20<\/strong>, well above the <strong>$1.13 consensus<\/strong>.<\/p>\n<h2>Materials and Energy: Sherwin-Williams Misses as Energy Markets Shift<\/h2>\n<p><strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> faced a challenging quarter, reporting <strong>Adjusted EPS of $3.63<\/strong>, which fell short of the <strong>$3.69 estimate<\/strong>. Despite the earnings miss, <strong>Net Sales of $6.86 billion<\/strong> were higher than the anticipated <strong>$6.78 billion<\/strong>, indicating that while demand remains high, margin pressures or costs may be weighing on the bottom line.<\/p>\n<p>In the energy sector, <strong>QatarEnergy<\/strong> has extended its force majeure on LNG shipments to Italy&#39;s Edison through the end of the year, adding potential volatility to European energy prices. Simultaneously, Russian Deputy Prime Minister Alexander Novak stated that <strong>Russia<\/strong> is prepared to reroute its gas supplies if European markets are closed. Interestingly, Novak also noted that a <strong>fourth Russian diesel tanker<\/strong> is scheduled to arrive in the U.S. tomorrow, highlighting the complex, ongoing nature of global fuel trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways PayPal (PYPL) delivered a significant earnings beat with Adjusted EPS of $1.45 (vs. $1.31 estimate) and raised its 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