BUSINESS

Bloom Energy reported record third-quarter revenue and earnings while raising its 2026 outlook, but its shares fell as investors weighed valuation, cash flow and AI spending concerns.

Sallie Mae shares dropped after the lender reported an unexpected third-quarter loss, reduced its profit outlook and raised its forecast for loan charge-offs.

ADP users reported login failures, error messages and time-clock problems on Friday, although the company had not confirmed an outage and there was no indication payroll deposits were affected.

RingCentral shares jumped more than 18% after the company beat third-quarter earnings estimates, raised its outlook and reported that AI products now generate over $400 million in annual recurring revenue.

Crown Castle shares rose more than 12% after reports said SpaceX was negotiating access to at least 80,000 US mobile sites as it develops a nationwide wireless network.

Robert Half shares rose more than 14% after quarterly earnings increased, its staffing division returned to growth and the company forecast stronger fourth-quarter profit amid cautious hiring demand.

American Tower shares rose nearly 7% after a report that SpaceX is seeking access to at least 80,000 US cell sites, potentially creating major new demand for tower operators.

SBA Communications shares rose nearly 9% after reports that SpaceX is seeking access to at least 80,000 US cell sites, lifting tower operators while pressuring major carriers.

US natural gas prices fell to a two-month low as forecasts for mild weather reduced expected heating demand, outweighing tighter storage data and strong LNG exports.

Bitcoin rose 0.47% to $81,690.50 after Thursday's 3.3% drop, as technology stocks, higher oil prices and $635.6 million in spot ETF outflows pressured cryptocurrencies.

Gold fell towards $4,000 an ounce as higher oil prices intensified inflation concerns and boosted expectations of further US interest rate rises, pressuring bullion and mining stocks.

Premier Investments shares rose nearly 4% as investors moved towards Australian retail stocks, despite ongoing concerns over Smiggle, weak consumer spending and the company's subdued share performance.

Whitehaven Coal shares rose 3.2% after record first-quarter production exceeded expectations, supported by Queensland operations and stronger prices despite port disruptions that delayed sales.

Charter Hall shares rose 3.1% as lower US bond yields and defensive-sector rotation supported property stocks, while investors assessed interest-rate risks and the fund manager's growth outlook.

Commonwealth Bank shares rose 3.09% to A$162.03 as investors moved into defensive sectors after a Wall Street technology sell-off, despite broader ASX 200 losses.

Amcor shares rose 3% on the ASX as investors shifted towards defensive stocks after a sharp Wall Street technology sell-off, ahead of the company's November results.

Alkane Resources shares fell nearly 10% as weaker gold prices outweighed steady September-quarter production, lower costs, strong cash generation and reaffirmed fiscal 2027 guidance.

Sunrise Energy Metals shares fell 15.11% to A$12.47, extending a 40% decline since the company announced plans to redomicile in the US and list on Nasdaq.

Zip shares suffered their steepest one-day fall after the company disclosed a coordinated US fraud attack, rising bad debts and higher costs despite continued growth in transactions and income.

Southern Cross Gold shares dropped 9.07% as gold fell to a two-month low, weighing on Australian mining stocks despite continued high-grade drilling results at Sunday Creek.

The ASX 200 fell 0.15% as losses in mining, energy and technology stocks outweighed gains in banks and consumer shares, while Zip plunged after disclosing a US fraud event.

TTM Technologies shares fell 28% after its record third-quarter results and strong AI-driven growth were overshadowed by fourth-quarter revenue guidance slightly below analyst expectations.

Forgent Power Solutions shares fell 23% to a record low after CFO Ryan Fiedler announced his departure, despite strong revenue, bookings and backlog growth.

Carpenter Technology shares fell 21% after quarterly revenue missed forecasts, overshadowing higher profits, record margins and management's optimistic outlook for aerospace demand and orders.

Oceaneering shares fell nearly 17% after third-quarter adjusted earnings missed expectations and the company forecast weaker fourth-quarter EBITDA, despite higher revenue and strong cash flow.

Solaris Energy shares fell 14.42% amid a broader retreat from AI-related stocks, as investors questioned high valuations, rising spending and uncertain returns from data centre expansion.

Badger Meter shares rose nearly 10% after the water technology company exceeded earnings expectations, expanded margins and raised its dividend, despite slightly weaker-than-expected revenue.

Spotify shares rose 9.2% after the streaming company reported stronger-than-expected premium subscriber growth, record third-quarter gross margins and a confident outlook for revenue and profitability.

Pool Corp. shares jumped 9.5% after third-quarter sales and adjusted earnings exceeded expectations, while the company reaffirmed its full-year profit forecast despite margin pressure.