Neptune Insurance Holdings Inc. (NP) reported fiscal third-quarter revenue of 59.6 million dollars, up 34% year over year, and adjusted EBITDA of 36.8 million dollars, up 38%, with a 61.7% margin. Premium in force rose 32% to 450 million dollars, and policies in force climbed 29% to 336,000. The company raised its fiscal 2026 revenue guidance to 204 million dollars and introduced a 2027 outlook of 238 million dollars, which assumes no housing market recovery and no above-average hurricane season. Total net leverage fell to 1.7 from 2.9 a year earlier, while management cited a weak housing market as a headwind for new business and the absence of major hurricanes as reducing fear-driven flood insurance demand. Cristián Melej will join as CFO in January 2027, and Jim Steiner will move to the role of COO.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on fool.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Norfolk Southern ( NSC ) Q3 2026 Earnings Call Transcript
Norfolk Southern (NSC) reported Q3 revenue of $3.5 billion, up 14% on 3% higher volume and fuel surcharges, and adjusted diluted EPS of $3.62, up 10%. The adjusted operating ratio rose 210 basis points to 65.4% under fuel-cost pressure, while revenue less fuel hit a quarterly record and adjusted operating income grew 7% to $1.2 billion. Management raised its capital expenditure guidance to $2.1 billion from $1.9 billion and cited a company-best train accident rate of 1.74. It warned that some highway-to-rail volume gains could revert if fuel prices fall, and that war and trade uncertainty will keep weighing on international volumes.
- Graco ( GGG ) Q3 2026 Earnings Call Transcript
Graco (GGG) reported record third-quarter revenue of $586 million, up 8%, with 4% organic growth and adjusted EPS of $0.81, up 5%. Organic orders rose 7% in the quarter and backlog grew 18% since the start of the year, but the adjusted operating margin fell 180 basis points to 27% on a product mix shift toward Powder Finishing systems. Management guided fourth-quarter revenue to $610–$640 million and announced a technology agreement with ABB to use Transverse Flux Motor technology in data center cooling towers. Industrial segment revenue came in slightly below expectations as some large capital projects were delayed.
- Globe Life ( GL ) Q3 2026 Earnings Call Transcript
Globe Life (GL) reported Q3 net operating EPS of $4.84, up 1%, and premium revenue up 7% to $1.3 billion. Its United American health underwriting margin fell to negative $6 million from $16 million a year ago, due to a $7 million CMS processing delay and a $16 million underwriting loss at the startup Evry unit. The company revised its 2026 net operating EPS guidance to $15.35–$15.65 but set 2027 guidance at $16.10–$17.10. It projects excess parent-company cash flow of $850–$950 million in 2027, mainly for share buybacks and dividends.
- Tractor Supply ( TSCO ) Q3 2026 Earnings Call Transcript
Tractor Supply (TSCO) reported Q3 net sales of $3.91 billion, up 5.1% on new stores, the VIP Petcare acquisition and comparable store sales growth of 0.4%, with September returning to positive comps after a July decline. Diluted EPS fell to $0.43 from $0.49 a year earlier as gross margin dropped 90 basis points to 36.4% on higher transportation and fuel costs and price-value investments. Digital sales rose 16%, and the company reaffirmed full-year adjusted EPS guidance of $1.90 to $2.00. Management plans to moderate capex to below 4% of sales from 2027 and pursue $75 million in SG&A savings over 2027 and 2028, aiming to restore operating margins above 9%.
- First BanCorp ( FBP ) Q3 2026 Earnings Call Transcript
First BanCorp (FBP) reported Q3 net income of $96.1 million, flat sequentially as lower provisions and taxes offset lower net interest income, with diluted EPS of $0.63. Net interest margin fell 14 basis points to 4.73% on higher funding costs, while annualized loan growth of 3.3% was led by commercial and industrial lending and the CET1 ratio stood at 16.91%. The board raised the dividend 25% to $0.20 per share and approved a new $350 million buyback authorization. Net charge-offs rose to 0.55% of average loans from 0.49%, driven by consumer and auto portfolios, and tangible book value per share declined to $12.15 from $12.68 as higher market rates reduced securities values. Management expects deposit competition and loan pricing to keep pressure on margin expansion through the fourth quarter.
- Nasdaq ( NDAQ ) Q3 2026 Earnings Call Transcript
Nasdaq reported third-quarter net revenue of about $1.5 billion, up 14% organically, and non-GAAP diluted EPS of $1.04, an 18% reported increase. Solutions revenue rose 18% organically to $1.2 billion, led by Capital Access Platforms and Financial Technology, while index revenue climbed 39% to $286 million on record AUM and $49 billion of net inflows. The company completed its acquisition of LeveL Markets on Oct. 15, expected to add $7 million to $8 million of revenue in the fourth quarter, and repurchased $323 million of shares in the quarter. CEO Adena Friedman said the IPO environment has modestly softened in recent weeks as some companies reconsider timing, though the listings pipeline remains robust.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.