markets

Max Knoblauch5/4/26

Paramount beats Q1 earnings estimates, maintains full-year revenue guidance

Paramount delivered its first-quarter results after the bell on Monday. Shares of the entertainment company rose about 5% in after-hours trading.

For Q1, Paramount reported:

Adjusted earnings of $0.23 per share, compared to Wall Street estimates of $0.15 per share from analysts polled by FactSet.
Revenue of $7.35 billion, compared to a $7.28 billion estimate.
79.6 million Paramount+ subscribers, compared to the 79.9 million consensus.

Looking ahead, the company said it expects Q2 revenue of between $6.75 billion and $7.95 billion, compared with the $7.07 billion Wall Street consensus forecast. The company maintained its full-year revenue guidance of $30 billion.

Q1 marks the company’s first earnings report since winning the bidding war for Warner Bros. Discovery in late February. As of Monday afternoon Eastern time, prediction markets speculating on which company will ultimately come out on top of the bidding war have Paramount at a 77% chance, compared to 17% for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The megadeal still faces some hurdles, including significant opposition from notable entertainment workers and potential antitrust challenges on the federal or state level. Last week, a group of subscribers sued to block the deal on antitrust grounds.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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