Earnings season kicked off in earnest this week, with some notable results including those from some of the biggest U.S. banks and a major entertainment company. So far, more than 14% of S & P 500 companies have reported. Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Here's a look at some of the biggest reports of the week and what analysts think — along with a look at potential implications for the broader market.
That would be its biggest weekly gain since April 2020, when it rallied 15%. However, management noted the ongoing fallout of the cyberattack on its subsidiary Change Healthcare will result in an impact on full-year earnings to fall between $1.15 and $1.35 per share.
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