Stock Movers: Starbucks Higher, Visa Slides, Humana Soars on Earnings

Starbucks Beats Revenue Estimates

• ☕ Starbucks (SBUX) shares rose 4.5% after reporting third-quarter net revenue of $9.5 billion, exceeding the analyst estimate of $9.3 billion.
• 📉 While comparable sales were down 2% (vs. an estimate of -1.5%), the stronger net revenue was sufficient to drive positive stock movement.

Mondelez and Hershey Face Economic Headwinds

• 🍫 Mondelez (MDLZ) saw its shares drop 1% as unease about the economy led to a larger-than-expected decline in North American sales.
• 😟 CEO Dirk Van de Put noted consumer concerns about personal finances and employment outlook, anticipating no quick rebound in the US market.
• 🍫 Hershey's (HSY) shares also declined due to significantly higher-than-anticipated tariff costs, estimated between $170 million and $180 million, a substantial increase from previous projections.

Visa's Outlook Disappoints Investors

• 💳 Visa (V) shares slid 2% despite reporting third-quarter results that surpassed Wall Street estimates.
• ⚠️ The stock drop is attributed to Visa's unchanged full-year outlook, projecting earnings per share growth in the low teens and revenue growth in the low double digits.

Humana Soars on Raised Profit Guidance

• 🏥 Humana (HUM) experienced a significant surge, rising 7.5%, after raising its full-year profit guidance.
• ✅ Management cited medical costs being in line with expectations and growth in its Medicare Advantage and pharmacy businesses as key drivers for the positive outlook.