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The Marked Chart Wire · Business
DigitalOcean
DigitalOcean reported third-quarter revenue of $321 million, beating estimates, and raised full-year guidance. AI customer annual recurring revenue jumped 288 percent to $376 million as the company targets more than 60 percent revenue growth in 2027.
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Meta
The rating agency placed an Aa3 score on a recent senior unsecured bond issue from the social media giant.
Penguin Solutions
SK hynix acquired a 9.1 percent convertible stake in Penguin Solutions for $377.2 million, according to a recent SEC filing. The deal gives the memory chip maker the right to nominate a board director.
Pfizer
Pfizer reported third-quarter revenue of $16.58 billion and adjusted earnings per share of $0.87, both above estimates. The company raised its full-year revenue guidance to $62 billion to $64 billion and adjusted EPS to $2.95 to $3.05.
Meta Platforms
The social media giant is issuing new debt across five separate tranches. Specific details regarding the total amount raised or pricing were not provided in the announcement.
Fiserv
Fiserv reported third-quarter revenue of $5.20 billion and adjusted earnings of $1.75 per share, beating estimates. A $6.45 billion goodwill impairment caused a GAAP loss of $11.17 per share.
HotUpstart Earnings
Upstart reported Q3 revenue of $371M, up 34% YoY, with loan originations rising 44% to $4.1B. However, rising credit risk is affecting its outlook.
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