ABBOTT Q3 EARNINGS

- ADJ EPS: $1.42 (EST $1.42)
- NET SALES: $13.01B (EST $13B)
- COMPARABLE SALES: +7%
- SEES Q4 ADJ EPS: $1.62 TO $1.67 (EST $1.64)
- SEES FY ADJ EPS: $5.50 TO $5.55 (PRIOR $5.45 TO $5.60)
- SEES 2026 COMPARABLE SALES GROWTH: ABOUT 6.0%
- REAFFIRMS YEAR EPS GUIDANCE

KEI INDUSTRIES Q2 FY27 : CONS NET PROFIT UP 29% AT ₹262 CR (YOY), DOWN 4% (QOQ)

REVENUE UP 39% AT ₹3,776 CR (YOY), UP 19% (QOQ)

EBITDA UP 40% AT ₹377 CR (YOY), DOWN 5% (QOQ)

MARGINS AT 10.0% VS 9.9% (YOY), 12.4% (QOQ)

US CRUDE OIL INVENTORIES ACTUAL: -3060K VS -8557K PREVIOUS; EST -324.20K

US CUSHING CRUDE OIL INVENTORIES ACTUAL: 987K VS 1862K PREVIOUS

THE INDIAN HOTELS: CO UPGRADES FY27 CONSOLIDATED REVENUE GROWTH GUIDANCE TO 15-17%, HOTEL SEGMENT GROWTH TO 17-19%, SEES FY28 BETTER THAN FY27

U.S. STATE DEPARTMENT IS SET TO ORDER THE DEPARTURE OF CERTAIN STAFF AND THEIR FAMILIES FROM AMERICAN EMBASSIES THROUGHOUT THE GULF

ARAMCO OIL FIELD IN THE EASTERN REGION HAS BEEN ATTACKED, WITH THE SAUDI ENERGY MINISTRY SAYING AIR DEFENCES INTERCEPTED A DRONE ATTEMPTING TO TARGET A FACILITY AT ARAMCO’S SHAYBAH OILFIELD

TWO PEOPLE WERE KILLED IN THE DRONE ATTACK ON SAUDI ARABIA’S SHAYBAH OILFIELD, THOUGH THERE WAS NO IMPACT ON OPERATIONS AT SAUDI ARAMCO’S SHAYBAH OILFIELD FOLLOWING THE ATTACK

MICROSOFT SAYS THAT AS EARLY AS SEPTEMBER 2026 THE CHINA-ALIGNED STORM-0940 ACTOR USED THE AI FRAMEWORK ARTEX TO AUTOMATE ATTACKS ON HUNDREDS OF ORGANIZATIONS GLOBALLY, ACHIEVING PRIVILEGED CLOUD ACCESS IN LESS THAN 3 HOURS IN MULTIPLE INSTANCES

MICROSOFT: STORM-0940 LINKED TO CONNECTWISE SUPPLY-CHAIN COMPROMISE; PASSWORD-SPRAY CAMPAIGN TARGETED 327 ACCOUNTS ACROSS 8 ORGANIZATIONS OCT. 10-14

MICROSOFT SAYS STORM-0940 AUTHENTICATION ACTIVITY WAS DETECTED IN MULTIPLE CUSTOMER ENVIRONMENTS, THOUGH DATA ACCESS HAS NOT BEEN CONFIRMED

MICROSOFT SAYS STORM-0940 HAS USED OAUTH APPLICATIONS TO ACCESS AND EXFILTRATE EMAIL AND OTHER DATA THROUGH MICROSOFT GRAPH

Meta Q3 2026 Earnings $META

EPS $3.83, est. $3.57
Rev. $64.60B, est. $63.33B
Ad rev. $63.06B, est. $61.85B
Family of Apps rev. $64.16B, est. $62.75B
Reality Labs rev. $443M, est. $517.7M
Oper income $12.99B, est. $20.85B
Family of Apps oper income $17.12B, est. $23.3B
Reality Labs oper loss $4.13B, est. loss $5.13B
Establishes new non-voting Class C common stock
Sees Q4 rev. $73B to $76B, est. $73.57B

Tesla Q3 2026 Earnings $TSLA

Adj. EPS $0.48, est. $0.44
Rev. $28.05B, est. $28.13B
EPS $0.22, vs. $0.39 y/y
Gross margin 19.6%, est. 17.8%
Automotive rev. $20.56B, est. $19.83B
Services and other rev. $4.61B, est. $4.3B
Energy generation and storage rev. $2.88B, est. $3.91B
Oper income $718M, est. $599.3M
Active FSD subscriptions 1.74M, est. 1.57M
FCF $1.53B, est. -$4.99B
Achieved second consecutive quarter of TTM rev. above $100B

IBM Q3 2026 Earnings $IBM

Oper EPS $2.95, est. $2.86
Rev. $17.10B, est. $16.83B
Software rev. $7.80B, est. $7.64B
Consulting rev. $5.34B, est. $5.39B
FCF $3.03B, est. $2.63B
Still sees FY rev. at constant FX +4% to +5%, est. +4.12%

NESTLE INDIA, ZYDUS WELLNESS

FSSAI HAS ISSUED NOTICES TO NESTLE INDIA AND ZYDUS WELLNESS OVER "MISLEADING CLAIMS" IN CERTAIN PRODUCTS AND HAS ASKED THE COMPANIES TO PROVIDE SCIENTIFIC PROOFS TO SUPPORT THEIR ADVERTISEMENTS

GOLDMAN SACHS ON INDIAN HOTELS

Target ₹890

Earlier Target ₹870

Recommendation Buy

KEY TAKEAWAYS

Q2: Large beat on RevPAR, FY27 revenue guidance raised

FY27 guidance raised, H2 visibility should ease some investor concerns

Likely to provide detailed long-term guidance for hotel additions in November

Earlier target of 700 portfolio hotels by FY30 will be complete well ahead of schedule

WAAREE RENEWABLE:

CO.EXPECTS TO MAINTAIN CONSOLIDATED EBITDA MARGINS ABOVE 15% AND ANTICIPATES T&D SEGMENT MARGINS, CURRENTLY 9-10%, TO IMPROVE IN COMING QUARTERS; THE UNEXECUTED ORDER BOOK OF OVER INR5,500 CR, INCLUDING INR3,300 CR FROM SOLAR EPC AND BESS, IS EXPECTED TO CONVERT INTO REVENUE OVER THE NEXT THREE TO FOUR QUARTERS

MORGAN STANLEY ON VISHAL MEGA MART

Target ₹146

Recommendation Overweight

KEY TAKEAWAYS

Broad-based miss; impact of festive shift greater than expected

Reiterated FY27 double-digit SSSG target, implying lower growth in Q2 to be compensated in Q3

No customer demand moderation seen so far across regions

No further price hikes needed, at current levels of inflation

Confident on being able to maintain YoY margins in FY27, aided by cost re-engineering

MORGAN STANLEY ON ADANI GREEN

Target *1525

Recommendation Overweight

KEY TAKEAWAYS

Healthy Beat; 2%/8% beat on revenue/EBITDA, underpinning a strong PAT beat

Wind and hybrid CUFs in particular surprised, and were significantly stronger YoY

Key Moniterables in the Earnings call: Merchant realisations, BESS contribution and scale up over FY27, impact of curtailment

MACQUARIE ON ETERNAL

Target ₹225

Recommendation Underperform

KEY TAKEAWAYS

Continued strong execution

Management raised its store guidance to >3,500 by Mar-27 from 3,000 earlier

Acknowledge that consistent execution supports consensus expectations

Prefer Eternal over Swiggy and rate Eternal Underperform given what we believe is already priced in