{"id":74130,"date":"2026-11-04T08:08:23","date_gmt":"2026-11-04T12:08:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/earnings-roundup-cvs-health-uber-and-mcdonalds-lead-busy-morning-of-q3-results\/74130\/"},"modified":"2026-11-04T08:08:23","modified_gmt":"2026-11-04T12:08:23","slug":"earnings-roundup-cvs-health-uber-and-mcdonalds-lead-busy-morning-of-q3-results","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/earnings-roundup-cvs-health-uber-and-mcdonalds-lead-busy-morning-of-q3-results\/74130\/","title":{"rendered":"Earnings Roundup: CVS Health, Uber, and McDonald&#8217;s Lead Busy Morning of Q3 Results"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>CVS Health (<a href=\"\/stock\/CVS\">CVS<\/a>)<\/strong> shares are in focus after reporting a significant <strong>Adj. EPS beat of $2.09<\/strong> (vs. $1.66 expected) and raising its full-year revenue guidance to <strong>at least $420 billion<\/strong>.<\/li>\n<li><strong>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> posted strong <strong>Q3 Gross Bookings of $59.82 billion<\/strong>, slightly exceeding expectations, while providing a solid Q4 outlook with <strong>Adj. EPS projected between 95c and 99c<\/strong>.<\/li>\n<li><strong>McDonald&#39;s (<a href=\"\/stock\/MCD\">MCD<\/a>)<\/strong> outperformed on the bottom line with an <strong>Adj. EPS of $3.57<\/strong>, though domestic growth remains pressured with <strong>U.S. comparable sales dipping 0.2%<\/strong>.<\/li>\n<li><strong>Kraft Heinz (<a href=\"\/stock\/KHC\">KHC<\/a>)<\/strong> announced plans to <strong>divest its North American Coffee business<\/strong> while maintaining a 30% stake, alongside a beat on both earnings and organic revenue.<\/li>\n<li><strong>Circle Internet<\/strong> reported robust growth in the stablecoin sector, with <strong>$104 billion in USDC minted<\/strong> during the quarter and an <strong>EPS of 84c<\/strong>, up from 64c year-over-year.<\/li>\n<\/ul>\n<h2>Healthcare and Pharmacy Giants<\/h2>\n<p>CVS Health (<a href=\"\/stock\/CVS\">CVS<\/a>) delivered a robust third-quarter performance, reporting <strong>Adjusted EPS of $2.09<\/strong>, which comfortably cleared the analyst consensus of $1.66. The company\u2019s <strong>Net Revenue reached $108.4 billion<\/strong>, prompting management to raise its full-year revenue outlook to <strong>at least $420 billion<\/strong>. Additionally, the company confirmed the separation of its retail unit is on track to close in the <strong>first half of 2028<\/strong>.<\/p>\n<p>Cencora (<a href=\"\/stock\/COR\">COR<\/a>) also reported its Q4 results, posting <strong>Adjusted EPS of $4.66<\/strong> on revenues of <strong>$88.35 billion<\/strong>. While revenue beat estimates, the company&#39;s <strong>Adjusted Operating Income of $1.2 billion<\/strong> came in slightly below the $1.24 billion expected by the street. The company announced a strategic reorganization into <strong>two reporting segments<\/strong> to streamline future operations.<\/p>\n<h2>Tech, Mobility, and Payments<\/h2>\n<p>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>) continues its trajectory of profitable growth, reporting <strong>Q3 Revenue of $14.77 billion<\/strong> and <strong>Adjusted EPS of 88c<\/strong>. The company\u2019s scale remains a key driver, with <strong>Gross Bookings of $59.82 billion<\/strong> for the quarter. Looking ahead, Uber expects <strong>Q4 Gross Bookings to reach as high as $65.25 billion<\/strong>, signaling a strong holiday season for ride-sharing and delivery.<\/p>\n<p>In the digital asset space, Circle Internet showcased the increasing adoption of stablecoins. The company reported <strong>Total Revenue and Reserve Income of $864.9 million<\/strong>, significantly beating the $776.7 million estimate. With <strong>$104 billion in USDC minted<\/strong> during Q3, the company maintained a <strong>stablecoin market share of 27%<\/strong>, reflecting steady institutional and retail demand.<\/p>\n<h2>Consumer Staples and Restaurants<\/h2>\n<p>McDonald&#39;s (<a href=\"\/stock\/MCD\">MCD<\/a>) presented a mixed Q3 report, characterized by international strength and domestic headwinds. While <strong>Adjusted EPS of $3.57<\/strong> beat the $3.40 estimate, <strong>U.S. Comparable Sales fell 0.2%<\/strong>, missing the slight growth analysts had hoped for. However, <strong>International Developmental Licensed (IDL) sales surged 4.2%<\/strong>, helping to offset the sluggishness in the American market.<\/p>\n<p>Kraft Heinz (<a href=\"\/stock\/KHC\">KHC<\/a>) surprised the market with a strategic shift, announcing the <strong>divestiture of its North American Coffee business<\/strong>. The company beat earnings expectations with an <strong>Adj. EPS of 53c<\/strong> and raised its full-year Adjusted EPS guidance to a range of <strong>$2.07 to $2.13<\/strong>. Despite the divestiture, Kraft Heinz will retain a <strong>30% stake<\/strong> in the coffee segment to participate in future upside.<\/p>\n<h2>Industrial and Macroeconomic Data<\/h2>\n<p>Emerson Electric (<a href=\"\/stock\/EMR\">EMR<\/a>) reported a strong end to its fiscal year, with <strong>Underlying Sales growing 7%<\/strong>, outpacing the 5.47% estimate. The company\u2019s <strong>Net Sales of $5.20 billion<\/strong> and <strong>Adj. EPS of $1.86<\/strong> both topped Wall Street projections, driven by robust industrial demand.<\/p>\n<p>On the macroeconomic front, the <strong>MBA 30-Year Mortgage Rate<\/strong> saw a slight decline to <strong>7.30%<\/strong> for the week ending October 30. Despite the lower rates, <strong>Mortgage Applications fell 1.2%<\/strong>, reversing a previous gain of 3.4%. Meanwhile, geopolitical eyes remain on the U.S., as the <strong>Kremlin<\/strong> expressed hope that U.S. midterm election results would not hinder potential <strong>Ukraine peace efforts<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways CVS Health (CVS) shares are in focus after reporting a significant Adj. EPS beat of $2.09 (vs. $1.66 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[15811,69,845,1798,1807,3736,3828,4367,5322,8032],"class_list":["post-74130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-cor","tag-mcd","tag-emr","tag-cvs","tag-earnings","tag-uber","tag-khc","tag-crcl","tag-markets","tag-idl"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=74130"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=74130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=74130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=74130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}