11:56 AM EDT, 10/22/2025 (MT Newswires) -- All three major US stock indexes were down around midday trading Wednesday, as investors digested Netflix's ( NFLX ) latest earnings report.

In company news, Netflix ( NFLX ) reported Q3 earnings late Tuesday of $5.87 per diluted share, up from $5.40 a year earlier but below the FactSet consensus analyst estimate of $6.96. Third-quarter revenue was $11.51 billion, up from $9.83 billion a year ago and matching the FactSet consensus. For Q4, Netflix ( NFLX ) expects EPS of $5.45 on revenue of $11.96 billion. Analysts expect EPS of $5.43 on revenue of $11.89 billion. For the full year, the company expects revenue of $45.1 billion, compared to its prior guidance range of $44.8 billion to $45.2 billion. Analysts expect $45.04 billion. Netflix ( NFLX ) shares were down 10% around midday.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) and Anthropic are in talks on a deal that would provide the Amazon.com-backed (AMZN) artificial intelligence firm with more computing power valued in the "high tens of billions of dollars," Bloomberg reported Tuesday, citing people familiar with the matter. Under the discussed plan, Google ( GOOG ) would provide Anthropic with cloud services, the sources told Bloomberg. Separately, Google ( GOOG ) is facing a defamation lawsuit from rightwing American activist Robby Starbuck over allegations that its AI tools incorrectly connected him to sexual assault claims and to a white nationalist, The Wall Street Journal reported Wednesday, citing court filings. Next, Google ( GOOG ) and Apple ( AAPL ) received strategic market status designations for each of their mobile platforms by the UK Competition and Markets Authority, the regulator said Wednesday. Lastly, Google ( GOOG ) said Wednesday in a blog post its Willow quantum chip successfully ran an algorithm that can be repeated on similar platforms and was 13,000 times faster than the fastest classical supercomputers. Alphabet's Class C shares were up 1.2%, while its Class A shares were up 1.3%. Apple ( AAPL ) shares were down 1.4%.

Texas Instruments ( TXN ) reported fiscal Q3 net income late Tuesday of $1.48 per diluted share, up from $1.47 a year earlier but below the FactSet consensus of $1.49. Fiscal Q3 revenue was $4.74 billion, up from $4.15 billion a year ago and above the FactSet consensus of $4.65 billion. For fiscal Q4, the company expects EPS of $1.13 to $1.39 on revenue of $4.22 billion to $4.58 billion. Analysts surveyed by FactSet expect EPS of $1.41 and revenue of $4.51 billion. Texas Instruments ( TXN ) shares were down 5.2%.

AT&T ( T ) reported Q3 adjusted earnings Wednesday of $0.54 per diluted share, unchanged from a year earlier and matching the FactSet consensus estimate. Third-quarter total operating revenue was $30.71 billion, up from $30.21 billion a year ago but below the FactSet consensus of $30.87 billion. For full-year 2025, AT&T ( T ) expects adjusted EPS to be on the higher end of its guidance range of $1.97 to $2.07. Analysts expect $2.05. AT&T ( T ) shares were down 1.4%.

Beyond Meat ( BYND ) shares continued to rise after the company said Tuesday it will increase the availability of some of its plant-protein products at over 2,000 Walmart ( WMT ) stores in the US. Beyond Meat ( BYND ) shares were up 19%, while those of Walmart ( WMT ) were up 1.2%.

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