PayPal Profit Beats but Revenue Misses as Celestica, Royal Caribbean and Corning Surge on Q3 Results

PayPal reported third-quarter 2026 adjusted earnings per share of $1.45, up 8% year-over-year and well ahead of the $1.31 analyst consensus, but net revenue of $8.58-$8.60 billion fell short of the $8.71 billion Wall Street expected, rising only 2% from a year earlier. Total Payment Volume grew 6% to $487.10 billion, transaction margin dollars expanded 2% to $4.00 billion, and non-GAAP operating margin widened 16 basis points to 18.8%. The company raised its full-year 2026 adjusted EPS guidance to approximately $5.60 from around $5.38, and issued fourth-quarter adjusted EPS guidance of approximately $1.43 against analyst expectations of $1.35. PayPal also repurchased $1.50 billion in common stock and declared a cash dividend of $0.14 per share.

Celestica posted the session's standout result, with third-quarter revenue surging 83% year-over-year to $5.83 billion while adjusted EPS doubled to $3.30, driving the stock up 16.1% in pre-market trading to $286.47 alongside raised full-year guidance. Royal Caribbean reported Q3 revenue of $5.60 billion, up 9%, with adjusted EPS of $6.57 beating the $6.38 estimate by 14%, net income rising 6% to $1.70 billion, and capacity expanding 8% to carry 2.70 million guests at a 112% load factor. The cruise operator raised its full-year 2026 adjusted EPS guidance to $17.85-$17.95 and announced an agreement to acquire an interest in Sandals and Beaches resorts, with shares rising roughly 5.6% before the open.

Corning delivered Q3 core sales of $5.08 billion, up 19% year-over-year and above the $5.02 billion consensus, with adjusted EPS of $0.91 beating the $0.88 estimate. Optical Communications revenue jumped 44% to $2.40 billion, supported by four new long-term, multibillion-dollar fiber agreements with carriers including Verizon and AT&T. Despite the beat, the stock slipped after results. Corning guided Q4 revenue to $5.20-$5.30 billion and adjusted EPS to $0.96-$1.00.

CenterPoint Energy beat Q3 estimates with adjusted EPS of $0.53 against the $0.49 consensus, raised its full-year 2026 adjusted EPS guidance to $1.90-$1.92, and increased its capital plan to $70.7 billion from $66.7 billion, targeting a rate base compound annual growth rate of more than 14% through 2030 with 7%-9% annual EPS growth. Centene reported Q3 revenue of $50.60 billion, beating the $47.12 billion estimate, and raised full-year adjusted EPS guidance to above $5.20 against a $4.88 consensus. Galaxy Digital surged on an adjusted EPS of $0.83 against a consensus of negative $0.06, with assets under management jumping 46% quarter-over-quarter to $10.40 billion and data center capital expenditure reaching $757 million. Herc Holdings recorded record Q3 total revenues of $1.364 billion, up 5%, with equipment rental revenue growing 12% to $1.254 billion, and raised its full-year 2026 guidance, sending shares higher pre-market.