Top Midday Stories: Intel Shares Plummet After Q3 Revenue Miss, Weak Guidance; Amazon Q3 EPS, Revenue Miss Expectations, Shares Fall

11:47 AM EDT, 10/30/2026 (MT Newswires) -- All three major US stock indexes were down in late-morning trading Friday, as oil prices were up and tech stocks were down after some consequential earnings results. In company news, Intel (INTC) reported Q3 adjusted earnings late Thursday of $0.52 per share, up from $0.23 a year earlier and above the FactSet consensus of $0.41. Third-quarter revenue was $16.51 billion, up from $13.65 billion a year ago but below the FactSet consensus of $16.56 billion. For Q4, the company expects adjusted EPS of $0.25 on revenue of $15 billion to $16 billion. Analysts expect $0.45 and $17.29 billion, respectively. Intel shares were down 28.3% around midday. Amazon.com (AMZN) reported Q3 earnings late Thursday of $1.89 per diluted share, down from $1.95 a year earlier and below the FactSet consensus of $1.97. Third-quarter revenue was $201.94 billion, up from $180.17 billion a year ago but below the FactSet consensus of $202.22 billion. For Q4, the company expects revenue of $240 billion to $247 billion, compared with the FactSet consensus of $244.17 billion. Amazon shares were down 1.4%. ExxonMobil (XOM) reported Q3 adjusted EPS Friday of $4.23, above the FactSet consensus of $4.12. Third-quarter revenue and other income was $113.16 billion, up from $85.29 billion a year ago and above the FactSet consensus of $104.89 billion. Chief Executive Darren Woods told CNBC Friday the company expects to invest over $100 billion between 2027 and 2030 across its businesses to help boost global energy supplies, with 10% going toward its refining business. Exxon shares were up 1%. Sandisk (SNDK) reported fiscal Q1 non-GAAP EPS late Thursday of $49.51, up from $1.22 a year earlier and above the FactSet consensus of $46.67. Fiscal Q1 revenue was $11.03 billion, up from $2.31 billion a year ago and above the FactSet consensus of $10.72 billion. For fiscal Q2, the company expects non-GAAP EPS of $55 to $57 on revenue of $12.20 billion to $12.60 billion. Analysts polled by FactSet expect $53.60 and $12.31 billion, respectively. Sandisk shares were down 11.7%. AbbVie (ABBV) reported Q3 adjusted diluted EPS of $3.82, up from $1.86 a year earlier and above the FactSet consensus of $3.73. Third-quarter revenue was $17.40 billion, up from $15.78 billion a year ago and above the FactSet consensus of $17.32 billion. For fiscal 2026, AbbVie expects adjusted EPS of $13.95 to $13.99, up from its previous guidance of $13.76 to $13.96 and compared with the FactSet consensus of $13.91. The company raised its quarterly dividend by 5.2% to $1.82 per share, payable Feb. 16, 2027 to holders of record as of Jan. 15, 2027. AbbVie shares were up 1.7%. Chevron (CVX) reported Q3 adjusted diluted EPS Friday of $5.28, up from $1.85 a year earlier and above the FactSet consensus of $4.87. Third-quarter revenue and other income was $67.8 billion, up from $49.73 billion a year ago and above the FactSet consensus of $61.82 billion. Chevron shares were up 1.7%. Price: 65.99, Change: -26.09, Percent Change: -28.33