Earnings Reports — September 24, 2026 — After Hours — Last 24 Hours (Pacific Time)

Executive Summary

The after-hours earnings window leaned broadly positive, with more beats than misses across a diverse mix of U.S. and international companies. Costco delivered the headline-grabbing beat of the session, while Scholastic cratered on a double miss. Stock reactions were notably mixed — several companies beat estimates yet still saw their shares fall, suggesting elevated market expectations and a "sell the news" dynamic in play.

Earnings Performance Breakdown

Only reports with actual earnings results are classified below. Previews and outlook-only stories are excluded.

Summary Count:

• 🟢 Double Beat: 5 (63%)
• ⚪ Mixed: 2 (25%)
• 🔴 Double Miss: 1 (13%)

H&M, Verbio, Raspberry Pi, ASOS, Vistry, Halma, and CVS Group are excluded from the table as the headlines focus on outlook/guidance or operational metrics rather than explicit EPS vs. estimate comparisons.

Notable Earnings Reports

🟢 Costco (COST) — Double Beat

• EPS of $6.75, beat by $0.20 vs. estimate of $6.55; revenue also topped estimates
• The warehouse retail giant continues to demonstrate resilient consumer demand, reinforcing its status as a bellwether for household spending trends.

🔴 Scholastic (SCHL) — Double Miss

• EPS of −$3.63, missed by $0.23 vs. estimate of −$3.40; revenue also fell short
• Stock plunged 12% on the results, signaling meaningful deterioration in the children's publishing and education market.

🟢 TD Synnex (SNX) — Double Beat

• EPS of $5.68, beat by $1.04 vs. estimate of $4.64; revenue also topped estimates
• Despite the strong beat, shares fell 3%, suggesting the market had already priced in outperformance in the IT distribution space.

🟢 BlackBerry (BB) — Double Beat

• EPS of $0.070, beat by $0.03 vs. estimate of $0.040; revenue topped estimates; guidance also beat
• Shares rose more than 2% premarket, with the cybersecurity-focused turnaround story gaining incremental credibility.

🟢 Uxin (UXIN) — Beat / Upbeat Guidance

• Reported a narrower loss for Q2 ended June 30, 2026, with upbeat forward guidance
• Shares surged 12%, making it one of the biggest movers of the session; the Chinese used-car platform appears to be gaining traction in its recovery.

⚪ Darden Restaurants (DRI) — Mixed

• EPS of $2.05 matched the estimate exactly; revenue fell short of expectations
• Shares fell on the revenue miss, highlighting that the casual dining sector faces ongoing top-line pressure even when margins hold.

🟢 Manchester United (MANU) — Double Beat

• EPS of −£0.16, beat by £0.04 vs. estimate; revenue also topped estimates
• A rare bright spot for the club off the pitch, though the loss-per-share figure underscores ongoing financial challenges at Old Trafford.

⚪ Atlasclear Holdings (ATCH) — Mixed

• EPS of −$0.02, missed by $0.01; revenue topped estimates
• A small-cap financial services name with a marginal EPS miss offset by a revenue beat — limited broader market implications.

Sector Analysis

🟢 Strength:

• Retail/Wholesale: Costco's strong beat reinforces that value-oriented, membership-driven retail remains resilient. ASOS also lifted its profit outlook, and H&M posted a bigger-than-expected Q3 operating profit — a positive read-through for consumer discretionary in both the U.S. and Europe.
• Technology/IT Distribution: TD Synnex's massive $1.04 EPS beat signals healthy enterprise IT spending, even if the stock reaction was muted.
• Cybersecurity/Software: BlackBerry's beat-and-raise quarter adds to a constructive narrative around security software demand.
• Clean Energy/Industrials: Raspberry Pi posted record H1 revenue and guided full-year EBITDA above forecasts. Halma raised its profit margin outlook on strong first-half progress.

🔴 Weakness:

• Education/Publishing: Scholastic's 12% stock drop and double miss point to structural headwinds in children's media and book retail.
• Casual Dining: Darden's revenue miss, despite hitting EPS targets, reflects continued softness in restaurant traffic or average check growth.
• UK Housing: Vistry fell 8% after a wider-than-expected H1 loss, with a CEO review hitting profits and a cut to FY26 outlook — a cautionary signal for UK housebuilders.
• Biofuels: Verbio shares fell 5% despite returning to annual profit, as its FY27 outlook disappointed relative to expectations.
• Veterinary Services: CVS Group dropped 5% on slower-than-expected sales growth, clouding its recovery narrative.

Common Theme: Several companies beat on earnings but still saw their stocks fall (TD Synnex, Verbio, CVS Group) — a pattern that suggests elevated buy-side expectations and a market that is scrutinizing guidance and revenue quality as much as headline EPS.

Biggest Movers

Market Implications

The session's earnings mix paints a nuanced picture of the consumer economy. Costco's beat suggests that value-seeking behavior remains strong among households, while Darden's revenue shortfall and Scholastic's collapse hint at selective weakness — consumers may be trading down or pulling back in specific discretionary categories like dining out and book purchasing.

The "beat but fall" pattern seen in TD Synnex, Verbio, and CVS Group is a meaningful signal: the bar for positive stock reactions has risen. Markets appear to be demanding not just earnings beats, but revenue growth and forward guidance upgrades. Companies that deliver on the bottom line alone are not being rewarded.

Internationally, the European earnings slate was mixed-to-weak. UK housebuilder Vistry's wider loss and guidance cut adds to concerns about the UK housing market's recovery trajectory. On the brighter side, Raspberry Pi and ASOS offered encouraging signals for UK-listed growth names, while H&M's profit beat suggests European fashion retail may be stabilizing.

Key Takeaways

• 🟢 Costco (COST) — Beat by $0.20 on EPS with a revenue beat; remains the gold standard for resilient consumer retail.
• 🔴 Scholastic (SCHL) — Missed by $0.23 and revenue fell short; the 12% stock drop signals real concern about the education/publishing sector.
• 🟢 Uxin (UXIN) — Narrower loss and upbeat guidance drove a 12% surge; Chinese used-car recovery story gaining momentum.
• 🟡 TD Synnex (SNX) — Beat by a massive $1.04 but fell 3%; a reminder that even strong beats can disappoint if expectations are already baked in.
• 🟢 BlackBerry (BB) — Beat on EPS and revenue, plus guidance beat; cybersecurity turnaround is showing incremental progress.
• 🔴 Darden Restaurants (DRI) — EPS matched but revenue missed; casual dining faces persistent top-line headwinds.
• 🟢 Raspberry Pi — Record H1 revenue and full-year EBITDA guidance above forecasts; shares soared 11%+, a standout UK tech story.
• 🟢 ASOS — Lifted profit view above guidance midpoint; shares jumped 5%, signaling online fashion may be finding its footing.
• 🔴 Vistry Group — Wider-than-expected H1 loss and FY26 outlook cut; UK housing sector remains under pressure.
• 🔴 Verbio — Returned to annual profit but FY27 outlook disappointed; shares fell 5%, highlighting how guidance matters more than backward-looking results.
• 🟡 H&M — Bigger-than-expected Q3 operating profit, but tepid growth outlook kept a lid on enthusiasm.
• 🟢 Halma — Raised profit margin outlook on strong H1 progress; shares rose, a quiet but solid industrial beat.
• 🔴 CVS Group — Slower sales growth despite revenue rising; shares fell 5%, showing recovery stories need consistent execution.
• 🟡 Atlasclear Holdings (ATCH) — Marginal EPS miss offset by revenue beat; limited read-through for broader markets.
• 🟢 Manchester United (MANU) — Beat EPS by £0.04 and topped revenue estimates; still loss-making, but trending in the right direction.

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