Cognizant Technology Solutions Corp. Stock Rises 5.2%, Outperforms Peers

10:36 AM EDT, 10/09/2026 (MT Newswires) -- Taiwan Semiconductor Manufacturing's (TSM) Q3 revenue of NT$1.494 trillion ($46.77 billion) represented a roughly 3% beat versus the brokerage's prior estimate and consensus, compared with a 1% beat in the previous quarter, Wedbush said in a Friday note. With revenue ahead of the range, Wedbush expects the quarterly gross margin to at least meet the 66% midpoint of TSMC's 65% to 67% guidance and is more likely to exceed its 66.0% estimate given better utilization rates, according to the research note. Looking ahead, Wedbush expects Q4 sales of NT$1.599 trillion and sales growth of 41% in US dollars or 43% in Taiwanese dollars. Additionally, its gross margin estimate of 65.3% sits below the consensus estimate of 66.1%, with Wedbush saying it would not be surprised if Q4 gross-margin guidance ticks modestly lower on account of headwinds the chipmaker has previously mentioned. Wedbush maintained its outperform rating with an NT$3,000 price target. Price: 453.01, Change: -4.98, Percent Change: -1.09

Latest Updates October 9 – ** Delta Air Lines (DAL.N) shares fell 3% to $79.67 ** Delta Air Lines (DAL) (link) lowered its full-year adjusted profit forecast due to soaring jet fuel prices ** Peer companies United Airlines (UAL.O) and Alaska Airlines (ALK.N) shares both fell about 2.8%, while American Airlines (AAL.O) was down 2.4% ** The U.S. airline now expects 2026 adjusted earnings per share to be between $5.10-$5.60, compared to a previous expectation of $6.5-$7.5 per share ** The midpoint of the current range is $5.35 per share, below analysts’ expectation of $5.46 per share — according to data compiled by LSEG ** DAL expects its full-year fuel costs to increase by about $6 billion, up from the previous forecast of a $4 billion increase ** The company’s third-quarter adjusted earnings per share were $1.72, missing the $1.75 estimate, marking its first quarterly profit miss in two years ** Analysts tracking DAL on average give it a "Buy" rating ** As of Thursday's close, Delta Air Lines (DAL) has risen 18.4% year-to-date, the highest gain among major U.S. competitors (For the convenience of non-native English speakers, this Reuters report is automatically translated into several other languages. Due to possible errors or missing context in machine translations, Reuters makes no guarantee as to the accuracy of the translated text, which is provided for reader convenience only. Reuters is not responsible for any damage or loss caused by the use of automated translation features.)