Earnings Recap - February 10, 2026 (Morning)

 ## Overnight Earnings Movers ### Beats & Positive Reactions **$SPOT** - Spotify - The company reported a strong quarterly earnings performance, topping estimates with a profit of $0.15 per share versus expectations of $0.10. Subscriber growth surged by 28 million users, driving shares up by 10%. **$CVS** - CVS Health - CVS topped quarterly estimates, posting earnings of $1.25 per share against a forecast of $1.20, and reaffirmed its profit outlook, boosting investor confidence. Shares rose accordingly. **$DDOG** - Datadog - Datadog reported earnings of $0.04 above expectations, and revenue also topped estimates, leading to a positive market reaction with shares jumping. **$BLKB** - Blackbaud - The company beat earnings by $0.05, reporting strong demand and a solid outlook, causing a nearly 7% rise in share price. ### Misses & Negative Reactions **$MAR** - Marriott - Marriott missed earnings expectations by $0.03 despite revenue exceeding forecasts. The stock declined as investors reacted to projections of weak room revenue growth going forward. **$FISV** - Fiserv - Fiserv missed revenue expectations, leading to a stock drop of about 5%. The company reported earnings of $0.07 short of estimates, raising concerns about future growth. ## Reporting Today - **$COKE** - Before market - Key metrics to watch include revenue growth in the beverage segment and any updates on pricing strategies following inflationary pressures. - **$HLI** - After market - Analysts will be watching for guidance on future transactions and profitability outlook in the investment banking space. - **$AAPL** - After market - Key metrics to watch include iPhone sales figures and overall revenue growth amid competitive pressures in the tech sector. Light earnings calendar today. ## Earnings Themes - Revenue trends show a significant rebound in consumer-facing sectors, highlighted by strong performances in retail and entertainment, with companies like Spotify and CVS leading the charge. - Margin pressures are evident, particularly in hospitality and financial services, where companies are navigating increased costs. - Overall guidance sentiment appears cautiously optimistic, with many companies raising forecasts, although some, like Marriott, reflect caution due to anticipated market conditions. ## Earnings Trade Ideas 1. Consider **$SPOT** for a potential buy, given its robust user growth and positive earnings beat, indicating a solid growth trajectory in the streaming market. 2. Look at **$CVS** as a value play, with its reaffirmed profit outlook and positive earnings surprise suggesting potential for continued upward momentum in response to improving operational efficiencies.