Stock Market Movers Today: Oracle Earnings, AeroVironment Guidance Cut, Kosmos Share Sale

TLDR

• Oracle shares jumped 10–11% after beating Q3 earnings and revenue forecasts, with cloud revenue up 44%
• AeroVironment dropped nearly 10% after missing earnings and cutting full-year guidance due to a $151M goodwill impairment
• Kosmos Energy fell 16% after pricing a share offering at $1.90 to raise $185M for debt repayment
• Nike rose 1.8% after Barclays upgraded it to Overweight and raised its price target to $73
• Diamondback Energy fell 2.7% after announcing an 11 million share offering worth about $1.96 billion

Stock futures were mixed on Wednesday morning as investors waited for the latest U.S. consumer inflation report. Oil prices edged higher, and several individual stocks made sharp moves in premarket trading.

Oracle was the standout gainer of the session. Its shares rose around 10–11% after the company reported third-quarter results that beat Wall Street expectations on both earnings and revenue.

Oracle Corporation, ORCL

Revenue climbed 22% year over year. Cloud revenue was up 44%, infrastructure revenue surged 84%, and Fusion Cloud ERP revenue rose 17%.

For the fourth quarter of fiscal year 2026, Oracle expects revenue growth of 18–20% in constant currency. That translates to roughly $18.93 billion to $19.24 billion, in line with analyst estimates of $19.11 billion.

Adjusted earnings per share for Q4 are projected at $1.92 to $1.96, slightly above the consensus estimate of $1.93.

Oracle also raised its long-term outlook. The company now expects fiscal year 2027 revenue to reach around $90 billion, driven by continued growth in its cloud business.

AeroVironment Cuts Guidance After Impairment Charge

AeroVironment fell nearly 10% after reporting a quarterly operating loss of $179 million. That compares to a loss of just $3.1 million in the same period a year earlier.

The bigger loss was largely due to a $151.3 million goodwill impairment in its space division. That charge came after a stop-work order on the U.S. Space Force’s SCAR program.

Gross margin fell to 24% from 38% a year ago. The company cited a higher mix of service revenue following its BlueHalo acquisition, along with higher amortization and purchase-accounting charges.

AeroVironment now expects full-year 2026 revenue of $1.85 billion to $1.95 billion, down from its prior forecast of $1.95 billion to $2.0 billion. Adjusted earnings per share are now projected at $2.75 to $3.10, well below the analyst consensus of $3.24.

CEO Wahid Nawabi said demand remains strong, pointing to timing issues as the reason for the revenue shortfall.

Nike, Diamondback, and Kosmos Also Move

Nike gained 1.8% to $57.07 after Barclays upgraded the stock to Overweight from Equal Weight. The bank also raised its price target to $73 from $64.

Diamondback Energy dropped 2.7%, making it the worst performer in the S&P 500 during premarket trading. The oil and gas company announced an offering of 11 million shares by a selling stockholder, valued at about $1.96 billion.

Kosmos Energy fell 16% to around $2.04 after pricing a sale of 97.5 million shares at $1.90 each. The offering is expected to raise gross proceeds of about $185.25 million, which the company plans to use to repay debt.

Blue Owl Capital slid 0.6% and Ares Management fell 1% after reports said JPMorgan Chase would restrict some lending to private credit funds.

Ballard Power Systems rose 7% after announcing a deal to supply 500 fuel cell engines to New Flyer, part of NFI Group, with deliveries starting in 2026.

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