The software trade is still under pressure.

Late Tuesday, shares of cybersecurity giant Palo Alto Networks (PANW) fell as much as 6% after the company cut its full-year earnings outlook.

The company's report comes as fourth quarter earnings season enters its final stretch.

As of Feb. 13, 74% of S&P 500 (^GSPC) companies had reported results, according to FactSet data, and blended earnings growth — meaning a combination of reported results from companies and projected profits from analysts — stood at 13.2%.

If that growth rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the index and the fifth consecutive quarter of double-digit growth.

Earlier on Tuesday, shares of General Mills (GIS) fell after its earnings disappointed, while online trading platform eToro (ETOR) saw its stock rise more than 20% following a strong quarter.

Over the balance of the week, investors will digest results from Walmart (WMT), Deere & Co. (DE), Analog Devices (ADI), Booking Holdings (BKNG), DoorDash (DASH), and eBay (EBAY).

Wingstop (WING) shares jumped 14% on Wednesday after the popular restaurant chain reported fourth quarter earnings which beat analysts' expectations.

Investing.com reports:

The restaurant chain posted adjusted earnings of $1.00 per share, significantly above the analyst estimate of $0.84, while revenue came in at $175.7 million versus the consensus estimate of $177.88 million.

The company reported system-wide sales of $1.3 billion for the fourth quarter, representing a 9.3% increase compared to the same period in 2024. However, domestic same-store sales decreased 5.8% YoY, while company-owned restaurant same-store sales grew 1.6%. Wingstop achieved 124 net new openings during the quarter, bringing its total restaurant count to 3,056 globally.

\\"Our team continues to demonstrate operational excellence as we opened 493 net new restaurants and expanded into six new international markets,\\" said Michael Skipworth, President & Chief Executive Officer. \\"In a year marked by uncertainty, the structural advantages of our operating model are reflected in our 15% Adjusted EBITDA growth in 2025.\\"

Read more here.

Reuters reports:

Garmin (GRMN) forecast annual revenue and profit above Wall Street estimates on Wednesday driven by strong ‌demand for high-end wearables and fitness products.

Shares of the ‌navigation-device maker rose more than 15% in early trading and the stock ​was on track for its highest single-day percentage jump since October 2024 if gains hold.

The forecasts show Garmin's growth in various markets, including wellness devices, marine systems and private aviation, despite uneven ‌consumer demand.

The company's mix ⁠of sales channels and its own manufacturing facilities have helped it adjust to shifting demand while ⁠maintaining profits.

Revenue from the fitness segment rose 42% to about $765.8 million in the fourth quarter, driven by demand for recently launched ​products including ​its Venu 4 and Bounce ​2 smartwatches.

Read more here.

Reuters reports:

Verisk's (VRSK) fourth-quarter profit topped Wall Street expectations on Wednesday on the back of steady demand for ‌its data analytics offerings, sending its shares up n12% ‌before the bell.

The New Jersey-based insurance-focused firm has benefited from insurers increasingly turning ​to its data analytics services to improve underwriting and claims processing, tackle fraud and strengthen efficiency.

The market-beating results came even as temporary headwinds such as low levels of weather activity and a reduction in a ‌federal government contract impacted ⁠Verisk's growth.

Verisk stock has plunged nearly 21% this year amid broader concerns around AI-driven disruption to the ⁠information services business model.

The company traces its history to 1971, when Insurance Services Office was formed to gather data from insurers and help ​them meet ​regulatory requirements.

Since Verisk's business is underpinned ​by proprietary contributory datasets directly ‌from insurers, analysts see low risk of AI disruption due to these unique datasets and the company's deeply integrated workflows with the insurance industry.

Read more here.

Analog Devices (ADI) stock rose 6% before the bell on Wednesday following the release of its second quarter earnings, which beat analysts' estimates. The company cited strong demand from its industrial and data ‌center customers as the artificial intelligence boom continues ​to drive semiconductor sales.

Reuters reports:

The company forecast second-quarter revenue of $3.5 billion, plus ‌or minus $100 million, ⁠compared with the analysts' average estimate of $3.23 billion, according to LSEG ⁠data.

Surging investment in data center infrastructure for generative AI workloads is helping offset a ​challenging macroeconomic ​and geopolitical backdrop, ​supporting demand for ‌Analog Devices' semiconductors as hyperscalers expand capacity.

\\"While the macro and geopolitical backdrop remains challenging, our revenue outlook for the second quarter reflects a new high-watermark for ADI, underscoring ‌our strong execution against ​cyclical and secular growth ​tailwinds,\\" Analog Devices ​CFO Richard Puccio said.

Read more here.

MT Newswires reports:

Palo Alto Networks (PANW) late Tuesday reported stronger-than-expected fiscal second-quarter results, while the cybersecurity firm lowered its full-year earnings outlook.

Adjusted per-share earnings rose to $1.03 for the three months through January from $0.81 a year earlier, beating the consensus on FactSet of $0.94. Revenue gained 15% to $2.59 billion, above analysts' $2.58 billion estimate.

Subscription and support revenue advanced to $2.08 billion from $1.84 billion, while product sales increased to $514 million from $421 million.

Palo Alto saw strong adoption of artificial intelligence security, which is expected to be a long-term trend, Chief Executive Nikesh Arora said in a statement.

The stock has declined nearly 20% over the past three months, and was last down 5.2% in after-hours trading.

Read more here.

General Mills (GIS) stock fell 6% on Tuesday after the maker of Cheerios cereal lowered its fiscal 2026 sales forecast due to a more challenging consumer environment.

Bloomberg News reports:

General Mills said it now expects organic net sales to be down 1.5% to 2%, compared with its previous outlook of down 1% to up 1%.

“Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns,” the company said in a statement Tuesday ahead of a conference presentation.

Chief Executive Officer Jeff Harmening said cereal, snacks and dog food were seeing the biggest hits from the shakier consumer environment, fueled by higher inflation, reductions in food aid benefits and geopolitical uncertainty. Those factors “have led to significant consumer stress, especially for the middle and lower income groups,” he said in a presentation at the Consumer Analyst Group of New York conference.

Adjusted operating profit and adjusted diluted earnings per share are now expected to be down as much as 20% in constant currency, versus previous guidance for down as much as 15% in constant currency.

Read more here.

Trading platform eToro's (ETOR) stock jumped 11% before the bell on Tuesday after beating estimates for fourth quarter profit.

Reuters reports:

U.S. equity markets rose ​during the quarter as interest-rate cuts supported investor confidence, although volatility in crypto markets prompted some market participants to be cautious. Bitcoin saw its biggest monthly drop since ‌mid-2021 in November.

Meanwhile, heavy ⁠concentration of investments in select AI-linked stocks have led to soaring valuations, raising concerns ⁠of a bubble in the market.

The Tel Aviv-based firm's assets under administration grew by 11% year-on-year to $18.5 billion.

\\"Our fourth ​quarter results ​reflect the strength and ​resilience of our multi-asset ‌business model,\\" Chief Financial Officer Meron Shani said in a statement.

Read more here.

Investing.com reports:

On Tuesday, DTE Energy (DTE) reported fourth-quarter earnings that exceeded analyst expectations, while confirming its 2026 outlook at the lower end of consensus estimates.

The Michigan utility’s shares rose 2.53% in pre-market trading after the release.

The company posted adjusted earnings per share of $1.65 for the fourth quarter, surpassing the analyst estimate of $1.53. For the full year 2025, DTE reported operating earnings of $7.36 per share, compared with $6.83 per share in 2024.

DTE confirmed its 2026 earnings guidance range of $7.59-$7.73 per share, with the upper end matching the analyst consensus of $7.73.

The company highlighted record capital investments of more than $4.3 billion in 2025 to improve utility infrastructure reliability and generate cleaner energy.

Read more here.

Reuters reports:

Defense contractor Leidos Holdings (LDOS) reported fourth-quarter revenue below Wall Street estimates, as the ‌six-week long U.S. government shutdown last year weighed ‌on the firm's orders.

The shutdown, the longest in the country's history, ​ended in November after severely disrupting government operations and weighing on contractors such as Leidos, which provides IT, weapons and other services to federal agencies.

Shares of Leidos, which also ‌supplies air traffic control ⁠systems to the Federal Aviation Administration, fell 1.6% in premarket trading.

Last month, defense supplier ⁠L3Harris Technologies also flagged a hit from the shutdown, largely in its space systems business.

Read more here.

Reuters reports:

Medtronic surpassed Wall Street expectations for third-quarter profit on Tuesday, buoyed by strong demand for ‌its heart devices and diabetes monitors.

Medtech firms are benefiting ‌from surging demand for medical procedures as health insurers report higher medical loss ​ratios — an indication that patients are availing more procedures. Market optimism is also boosted by wider physician uptake and technological advances.

The company maintained its fiscal 2026 adjusted per share profit forecast at $5.62 to $5.66.

Medtronic’s ‌growth drivers include its ⁠pulsed field ablation systems and its transcatheter aortic valve replacement devices, two minimally invasive technologies seeing ⁠rapid adoption.

Read more here.

Fourth quarter earnings season is entering the final stretch.

In the week ahead, the consumer will be in focus, with results from Walmart before the open on Thursday the headline event.

This report will be the first under its new CEO, John Furner, and the first since the company joined the trillion-dollar market cap club.

Other notable companies reporting results include Booking Holdings (BKNG), DoorDash (DASH), and eBay (EBAY), all of which are set to report on Wednesday.

Data from FactSet published Friday noted some 74% of S&P 500 companies have reported results through the end of the week. Blended earnings growth for the quarter — meaning actual reported results and forecast earnings from analysts — has the pace of growth at 13.2% for the fourth quarter.

This puts the index on track to record a fifth straight quarter of double-digit profit gains.

Here's the full calendar for the week ahead. And note that US markets are closed on Monday for Presidents' Day, but a few companies are still expected to report results.

Monday: BHP Group (BHP), Sonoco Products Company (SON), Otter Tail Corporation (OTTR), ReNew Energy Global (RNW)

Tuesday: Medtronic (MDT), Palo Alto Networks (PANW), Constellation Energy (CEG), Cadence Design Systems (CDNS), Republic Services (RSG), Energy Transfer (ET), Vulcan Materials (VMC), EQT Corporation (EQT), Kenvue (KVUE), DTE Energy Company (DTE), FirstEnergy Corp. (FE), Devon Energy (DVN), Expand Energy (EXE), Leidos Holdings (LDOS), InterContinental Hotels Group (IHG), Genuine Parts Company (GPC), Sunoco (SUN)

Wednesday: Analog Devices (ADI), Booking Holdings (BKNG), Lloyds Banking Group (LYG), CRH (CRH), Moody's Corporation (MCO), Carvana (CVNA), DoorDash (DASH), Occidental Petroleum (OXY), Kinross Gold Corporation (KGC), Garmin (GRMN), eBay (EBAY), Nutrien (NTR), Texas Pacific Land Corporation (TPL), Edison International (EIX), American Water Works Company (AWK), Verisk Analytics (VRSK), Pan American Silver Corp. (PAAS), Royal Gold (RGLD), Global Payments (GPN), Reliance (RS), Western Midstream Partners (WES), Host Hotels & Resorts (HST), Jones Lang LaSalle (JLL), Equinox Gold Corp. (EQX), Figma (FIG), HF Sinclair (DINO), Molson Coors (TAP), Wingstop (WING), Wyndham Hotels & Resorts (WH)

Thursday: Walmart (WMT), Rio Tinto (RIO), Deere & Company (DE), Newmont Corporation (NEM), The Southern Company (SO), Quanta Services (PWR), Targa Resources (TRGP), Comfort Systems USA (FIX), Consolidated Edison (ED), Cenovus Energy (CVE), Live Nation Entertainment (LYV), Copart (CPRT), Extra Space Storage (EXR), Teck Resources (TECK), CenterPoint Energy (CNP), Alliant Energy Corporation (LNT), Fidelity National Financial (FNF), Guardant Health (GH), DT Midstream (DTM), American Homes 4 Rent (AMH), Gaming and Leisure Properties (GLPI), Texas Roadhouse (TXRH)

Friday: AngloGold Ashanti (AU), PPL Corporation (PPL), Lamar Advertising Company (LAMR), Sibanye Stillwater (SBSW), Hudbay Minerals (HBM), Portland General Electric Company (POR), Balchem Corporation (BCPC), Array Digital Infrastructure (AD), The Western Union Company (WU)

Reuters reports:

Moderna reported fourth-quarter revenue above ‌Wall Street estimates on ‌Friday, banking on better-than-expected sales ​of its COVID-19 vaccine in the U.S.

The Cambridge, Massachusetts-based company has been struggling ‌financially as ⁠demand for COVID vaccines collapsed in the ⁠years following its pandemic windfall. It is working ​on newer ​products ​to plug the ‌revenue gap and prove the long-term viability of its mRNA technology.

The company reiterated its expectation of 10% ‌revenue growth in ​2026.

Read more here.

Coinbase (COIN) posted a quarterly loss in the fourth quarter amid a sharp retrenchment in the crypto trade that saw bitcoin (BTC-USD) fall 45% over the past six months.

The crypto exchange reported a loss of $667 million, compared with a $1.3 billion profit in the same quarter a year ago. Revenue of $1.78 billion fell below expectations of $1.83 billion, according to S&P Global Market Intelligence.

Transaction revenue of $983 million also fell slightly below estimates. Coinbase said it has seen $420 million of transaction revenue in the first quarter through Feb. 10.

For the first quarter, Coinbase expects subscription and services revenue of $550 million to $630 million, compared to $710 million to $790 million in Q4.

$COIN Q4 earnings
???? Revenue: $1.78B vs $1.83B expected
???? EPS: $.66 vs $.86 expected
???? Transaction revenue: $983M vs $1.02B expected pic.twitter.com/gb87OgtXhd

— Yahoo Finance (@YahooFinance) February 12, 2026

The stock initially sold off but then reversed course and rose 3% in after-hours trading. Shares had fallen about 8% heading into the earnings report as Coinbase users experienced issues buying and selling on the exchange. \\"Your funds are safe,\\" a Coinbase customer support account posted on X.

Listen to the Q4 earnings call here at 5:30 p.m. ET.

Reuters reports:

Pinterest forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform's ongoing struggle to compete ‌for advertising dollars against deep-pocketed platforms, sending its shares ‌down 12% in extended trading.

For the first quarter, the company sees revenue in the range of $951 ‌million to $971 million, below the analysts' average ​estimate of $980.1 million, according to data ​compiled by LSEG.

The company's ​ended 2025 with 619 million global monthly active ‌users, up from the 553 million ​it had reported ​in 2024, a sign that Pinterest's core product remains appealing to consumers seeking inspiration for everything from home decor to ​fashion and recipes.

Revenue ‌for the fourth quarter grew 14% to $1.32 billion, largely ​in line with estimates of $1.33 billion.

Read more here.

Applied Materials (AMAT) stock climbed 9% after the ⁠semiconductor equipment maker beat Wall Street expectations on the top and bottom lines.

The after-hours reaction to Applied Materials' results added to the strong run for the stock in 2026. Year to date, shares are up 27%.

Reuters reports:

The company is ​also expected ​to cash ​in on a ‌worldwide memory shortage, with memory providers boosting investment in increasing their manufacturing capacity.

Applied Materials expects second-quarter sales of about $7.65 billion, plus or minus $500 ‌million, compared with ​estimates of $7.01 billion, according ​to ​data compiled by LSEG.

The company ‌expects second-quarter adjusted profit ​of ​about $2.64 per share, plus or minus 20 cents, compared with estimates ​of profit ‌of $2.28.

Read more here.

Airbnb (ABNB) stock gained 4% in extended trading after the travel company issued an upbeat first quarter revenue outlook, suggesting it's seeing strong demand for premium bookings.

Airbnb forecast revenue between $2.59 ​billion and $2.63 billion for the quarter, compared with analysts' expectations of $2.52 billion, according to S&P Global Market Intelligence consensus estimates.

Fourth quarter revenue of $2.78 billion beat expectations of $2.71 billion, but Airbnb's earnings per share in the quarter of $0.56 missed estimates of $0.65, as the company invested heavily in new experiences and offerings.

Reuters reports:

Travel companies, including hotel operator Marriott and United Airlines, have noted that high-end travelers are buoying results as ‌the lower-end customers struggle ⁠amid sticky inflation and economic uncertainty.

San Francisco-based Airbnb expects 2026 revenue to increase \\"at least low double-digits\\", roughly in ⁠line with analysts' estimates of 10.24%.

The firm, however, does not expect adjusted core profit margin growth this year as it continues to reinvest in marketing, ​product ​and technology.

Read more here.

Yahoo Finance's Pras Subramanian reports:

Rivian (RIVN) reported better-than-expected fourth quarter earnings after the bell on Thursday as the pure-play EV maker ramps up for the release of its R2 vehicle, which the company said is on track for the second quarter of this year.

For the quarter, Rivian reported revenue of $1.286 billion versus $1.26 billion, per Bloomberg consensus estimates, down around 27% from a year ago. Rivian attributed the revenue declines to the loss of regulatory emissions credit sales, the expiration of the federal EV tax credit, and lower average selling prices.

The company posted an adjusted loss per share of $0.59 versus $0.69 expected, with an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $465 million versus $568.2 million expected.

Rivian stock surged over 10% in after-hours trade.

Crucially, the company said its upcoming R2 midsize vehicle is targeting customer deliveries for the second quarter, after early manufacturing validation builds rolled off the assembly line in January.

And for a second quarter in a row, the company posted a gross profit of $120 million, broken down between a loss of $59 million for the automotive segment and a $179 million gain from software and services. Rivian said the jump in software and services profit is due to \\"vehicle architecture and software development services\\" stemming from its joint venture with Volkswagen (VOW3.DE).

Read the full story here.

McDonald's (MCD) said its value campaign to get customers to return to the fast food chain after high prices tarnished its reputation for affordable food is working. And with fourth quarter US same-store sales growing 6.8% during the quarter, there may be some truth to that.

\\"We're not going to not win on value,\\" CFO Ian Borden told Yahoo Finance. \\"We've made, I think, significant progress on our value and affordability platforms and how those are resonating with consumers.\\"

In the first quarter, McDonald's is expected to pull back on the support it sent franchisees for the Extra Value Meal push. But Borden suggested that many locations would keep the meal deal, calling it \\"fundamental in the environment that we're operating in today.\\"

\\"We're not going to get beaten on value,\\" McDonald's CFO Ian Borden says. \\"We're not going to not win on value, and we have the size and scale and financial strength as a system to kind of invest where we need to do that.\\" pic.twitter.com/HYdtzO3JVo

— Yahoo Finance (@YahooFinance) February 12, 2026

Borden and McDonald's CEO Chris Kempczinski also indicated that they're aware of the growing adoption of GLP-1 weight-loss medications, especially now that pill versions are rolling out.

\\"As adoption grows, we know that consumers' behavior changes,\\" Kempczinski said. \\"We know that in general, they eat fewer calories in the day, but also what they eat, the mix of that changes.\\"

Kempczinski added that the company is factoring in changing diet preferences, such as customers opting for less sugary drinks, into the offerings it is testing.

Read more about how McDonald's is responding to weight-loss drugs here.

Shares of Crocs (CROX) soared more than 13% in premarket trading on Thursday, after the company reported better-than-expected fourth quarter earnings and a solid earnings outlook for 2026.

For the fourth quarter, Crocs reported earnings per share of $2.29, well above the consensus estimate of $1.91 per share. Revenue totaled $958 million for the quarter, lower than in the same quarter a year ago, but ahead of expectations of $916.09 million.

Crocs noted that it came off a strong holiday season. Sales in Crocs' direct-to-consumer channel grew 3.6%, while its wholesale revenue declined 15.5%.

The company's outlook was also upbeat: The company issued full-year profit guidance of $12.88 to $13.35 per share, beating analysts' estimates of $11.92.

Birkenstock (BIRK) shares fell 3% in premarket trading after the 250-plus-year-old footwear maker missed analyst expectations for its first quarter revenue.

Reuters reports:

Like other discretionary retailers, Birkenstock faces macroeconomic uncertainty, including inflationary pressures and ‌uneven consumer ⁠confidence in key markets.

The company, which produces 95% ⁠of its shoes in Germany, has been trying to mitigate ​the effects ​of U.S. ​tariffs on the ‌EU, forcing consumers to deal with higher prices.

It posted first-quarter revenue of 401.9 million euros ($477.58 million), missing analysts' estimate of 402.1 ‌million euros, according ​to data compiled by ​LSEG.

For ​the reported quarter, adjusted ‌gross profit margin was ​at 57.4%, ​down from 60.3% last year, hurt by currency translation ​and U.S. ‌tariffs.

Read more here.

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