Late Night Market Recap Stocks Slide as Fiserv Crashes and Caterpillar Climbs

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•  29 Oct 2025
 

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$FI The story of the day belonged to Fiserv, which endured a historic collapse as shares cratered 44%, marking the worst single-session drop in its history. The plunge came after the company delivered a disastrous Q3 report, missing both earnings and revenue expectations by a wide margin. Fiserv’s EPS of $2.04 fell well short of forecasts, while revenue of $4.92B missed by $430M. The company also cut guidance, announced a CFO change, and said it will move its listing from the NYSE to Nasdaq under the ticker FISV. Investors were shaken by the combination of weak performance, leadership changes, and uncertainty surrounding the transition.

$KHC Kraft Heinz slipped 4.5% after mixed Q3 results revealed weaker North American sales, down 4% year-over-year, marking the ninth consecutive slowdown. EPS came in at $0.61, beating by $0.03, but revenue missed slightly at $6.24B. The packaged food giant lowered its guidance as it continues to grapple with cost inflation and changing consumer demand. Despite the headwinds, the company declared a steady $0.40 dividend, signaling some stability amid the turbulence.

$CNC Centene was one of the day’s bright spots, rallying 12.5% after crushing Q3 expectations. The healthcare insurer posted adjusted EPS of $0.50, beating estimates by $0.66, on revenue of $49.7B, which topped forecasts by nearly $2B. Management also raised its 2025 EPS outlook to at least $2.00, citing strong Medicaid and marketplace rate actions. The upbeat guidance and revenue growth reignited investor confidence after a tough year for the managed care sector.

$BA Boeing stock slid 4.3% after another messy quarter. The company reported a massive $4.9B charge tied to delays on its 777X jetliner, pushing delivery of the aircraft out to 2027. EPS came in at a loss of $7.47, missing by over $5 per share, though revenue beat estimates at $23.3B. Despite improved airplane deliveries and stabilized 737 production, the heavy charge overshadowed progress. Jim Cramer urged long-term investors to stay patient, but short-term sentiment remains bruised.

$ETSY Etsy plunged 12.4% as a weaker outlook and CEO transition rattled investors. The e-commerce platform actually beat Q3 estimates with EPS of $0.63 on $678M in revenue, but traders focused on soft gross merchandise sales and the announcement that longtime CEO Josh Silverman will step down, with Kruti Patel Goyal taking over. The company’s cautious holiday outlook only deepened the selloff, raising concerns about growth sustainability in a post-pandemic marketplace.

$CVS CVS Health fell 1.9%, even after posting better-than-expected Q3 results. The company’s adjusted EPS topped estimates, and full-year guidance was raised. However, a hefty $5.7B impairment charge related to its healthcare clinic operations dragged reported results into a $3.98B loss. CVS shares touched a new 52-week high earlier in the session before retreating as investors weighed the strong outlook against lingering profitability concerns.

$AEP American Electric Power surged 6.1% after reaffirming its FY25 outlook and unveiling a bold $72B investment plan focused on grid modernization and renewables. Q3 earnings of $1.80 per share narrowly missed estimates, but investors cheered the long-term strategy and stable cash flow. AEP’s ambitious growth blueprint underscored confidence in regulated utility expansion despite macroeconomic headwinds.

$GEHC GE HealthCare slipped 2.5% as tariff expenses bit into margins despite better-than-expected results. EPS of $1.07 beat by $0.02, and revenue rose to $5.14B, also topping forecasts. However, profits were down year-over-year due to cost pressures. The company raised the low end of its FY25 EPS outlook, showing cautious optimism as it navigates global supply challenges and pricing pressures in its imaging and diagnostics segments.

$EQNR Equinor shares edged up 0.3% after the Norwegian energy giant posted solid Q3 results, with EPS of $0.37 and revenue of $26.05B, both beating expectations. The company reaffirmed its full-year outlook, announced a $0.37 dividend, and launched a new $1.26B share buyback tranche. However, management trimmed its long-term price outlook following asset write-downs, signaling more conservative expectations amid oil market volatility.

$CAT Caterpillar roared higher, jumping 11.6% as the machinery leader crushed estimates and issued upbeat guidance. Non-GAAP EPS came in at $4.95, beating by $0.43, on $17.6B in revenue. Investors cheered management’s comments linking growth to AI-driven energy infrastructure demand and a record $39.8B backlog. CEO Jim Umpleby praised the team’s discipline amid tariffs and inflation, helping CAT become one of the day’s top industrial gainers.

$CAKE The Cheesecake Factory tumbled 7.3% after offering soft forward guidance despite better-than-expected Q3 earnings of $0.68 per share. Revenue growth remains modest, and the company warned of slower traffic in the upcoming quarter. Analysts slashed forecasts, and management’s outlook for 4–5% revenue growth in 2026 didn’t inspire much enthusiasm. Still, the declared $0.27 dividend provided some comfort to long-term holders.

$ETR Entergy closed fractionally higher at +0.18% after beating Q3 expectations with EPS up 4.8% year-over-year. Revenue also topped estimates, supported by strong cash flow and improved efficiency. The utility reaffirmed its FY25 guidance and reported higher customer retention, showing resilience in a sector typically insulated from broader market volatility.

$ADP Automatic Data Processing lost 6.6% despite topping both earnings and revenue forecasts. Q1 EPS came in at $2.49 on revenue of $5.18B, but the company maintained its FY26 outlook instead of raising it, disappointing some investors. News of ADP’s acquisition of compensation software firm Pequity sparked debate about near-term integration costs, though the long-term strategic fit drew positive reviews from analysts.

$CLH Clean Harbors sank 11.5% after missing on both top and bottom lines for Q3, though the company raised its FY25 outlook and free cash flow guidance to $475M. Shares also fell below their 200-day moving average, triggering technical selling. The company’s heavy investment in PFAS treatment capacity and SDA units signals long-term growth, but near-term pressure from weaker demand weighed heavily on sentiment.

$GRMN Garmin dropped 11.2% after a slight revenue miss overshadowed strong segment growth and raised full-year EPS guidance. Despite reporting record quarterly sales and income, margins compressed due to product mix and higher costs. The decline was largely technical, as investors reacted to the stock’s lofty valuation heading into earnings.

$DRS Leonardo DRS lost 4.4% as investors digested leadership changes and a mixed quarter. While Q3 EPS of $0.29 topped forecasts and revenue grew 3.8% year-over-year, news of CEO William Lynn’s retirement after 14 years added uncertainty. The defense tech company reaffirmed FY25 guidance, maintaining expectations of 10–11% revenue growth amid a record $8.9B backlog.

$DFIN Donnelley Financial Solutions plunged 14.2% after reporting mixed Q3 results. Although EPS of $0.86 beat by $0.29 and revenue of $175.3M topped estimates, guidance was softer than expected. Investors seemed unimpressed by slowing software growth and cautious commentary on corporate activity. The sharp drop reflected broader investor skittishness toward small-cap tech and compliance services.

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