Amer Movil: Q3 Earnings Snapshot

Claro, a Brazilian operator, has finalized the purchase of a 72.83% stake in fiber broadband provider Desktop. The deal, completed via subsidiary Claro NXT, involves 84.68 million shares. Claro plans to seek approval for a tender offer for the remaining shares. Financial terms were not disclosed. The acquisition strengthens Claro's position in Brazil's fixed broadband market.

Carlos Slim Helú, Mexico’s richest man, said the Pemex crisis is Mexico’s main problem. He cited falling output, limited investment and about $85bn in debt. Pemex reportedly ended 2025 with ~$2.5bn losses, while the government provides a bailout. Slim also backed Sheinbaum’s economic management, criticized Moody’s sovereign downgrade, and said $5bn in investments are planned, arguing output could rise by ~800,000 bpd with new investment.

IHS Holding’s board backed MTN Group’s plan to take the telecom tower operator private, according to an SEC Schedule 13E-3 filing. Shareholders will vote at an EGM in London later this year on a $2.2 billion deal to buy all outstanding IHS shares for $8.50 cash each. If approved, IHS will be delisted from the NYSE. MTN affiliates and Oranje-Nassau Développement have support totaling over 40% of votes.

SpaceX (SPCX) shares rose 3% after reporting Q3 revenue of $14.6B, up 100% YoY, and net income of $4.4B, driven by an 830% surge in AI revenue to $7.6B. Starlink subscribers grew 88.9% to 13.6M, with revenue up 70%. Capital expenditure reached $19.6B. The company faces scrutiny over Starlink restrictions in Ukraine.

Bank OZK reported Q3 EPS of $1.50, beating estimates by $0.07, but revenue of $391.48M missed expectations of $434.83M. The stock closed at $46.16, down 8.29% over 3 months. InvestingPro rates its financial health as 'good performance'.

Chubb (CB) reported Q3 EPS of $7.30, beating estimates by $0.51, but revenue of $14.92B missed expectations. The stock is down 0.60% over 3 months but up 29.31% year-over-year. Analysts revised EPS estimates positively 21 times in the last 90 days.