Latest Tax News

Charles River Laboratories delivered a second consecutive quarter of organic revenue growth and raised its 2026 outlook, despite reported revenue falling after divestitures. The quarter’s sharp GAAP earnings increase was heavily amplified by a US$245.6 million tax reserve reversal.

Trimble delivered record annualized recurring revenue and a stronger-than-expected third quarter, while a US$562 million goodwill impairment keeps the headline GAAP picture complicated. The company raised no quantified comparison to its previous outlook, but issued full-year revenue and earnings ranges for 2026.

McDonald’s delivered higher profit and systemwide sales in the third quarter, helped by international markets, franchise margins and other operating income. The slight decline in US comparable sales remains the clearest test of whether its value push can restore guest traffic.

Martin Marietta delivered record third-quarter revenue and adjusted EBITDA after completing its US$12.9 billion Lhoist North America combination. But GAAP earnings fell sharply, while higher debt and softer heritage operations leave the acquisition’s next phase to prove its value.

Uber posted another quarter of 20% Gross Bookings growth, lifted non-GAAP earnings sharply and forecast continued momentum into the final quarter of 2026. The company also announced the departure of senior executive Jill Hazelbaker as it prepares to expand its driverless vehicle operations.

CVS Health plans to separate its healthcare solutions and retail pharmacy businesses by the first half of 2028, while raising its 2026 earnings and cash-flow targets. The announcement came alongside stronger third-quarter results, though management flagged elevated cost trends and potential macroeconomic pressure.

Zimmer Biomet lifted its full-year 2026 sales and adjusted earnings guidance after third-quarter constant-currency growth accelerated to 3.7%. The result was supported by strong hips, sports medicine and technology sales, although GAAP earnings fell and knees remained a weak spot.

Stanley Black & Decker raised its 2026 earnings and free cash flow guidance after tariff refunds helped drive a sharp third-quarter profit recovery. Underlying organic growth improved, but the refund accounted for a substantial portion of the quarter’s earnings lift.

Mosaic has swung to a third-quarter loss as production curtailments, weak volumes and sharply higher sulfur costs overwhelmed stronger fertiliser prices. The company is cutting capital spending, extending debt maturities and betting that cheaper sulfur will begin to help in early 2027.

Supermicro’s preliminary fiscal first-quarter sales nearly quadrupled year on year to US$19.9 billion, as net income reached US$1.59 billion. The company forecast fiscal 2027 revenue of US$72 billion to US$82 billion, although weaker sequential margins and negative operating cash flow add important qualifications.

American International Group delivered a sharp rise in reported third-quarter profit, supported by investment gains and higher insurance premiums. But adjusted earnings fell as catastrophe losses increased and underwriting income weakened, creating a more mixed picture beneath the headline result.

Diatreme’s Northern Silica Project is forecast to deliver a $412.6 million present-value net benefit to Queensland, with $729 million in additional household consumption over its operating life. The assessment strengthens the project’s economic case, but approvals, port access, funding and native title agreements remain unresolved.