Potential Surprises this week: Caterpillar, JetBlue AirwaysBig tech kicked off the first peak week of Q3 earnings season last week, and while the most watched names missed expectations for cloud revenues, causing shares to drop 12% in the 3-day post-earnings period. Meta posted stellar results, yet it was commentary from CFO Susan Li that had investors take the stock lower in after-hours trading.
The current macroeconomic environment may also have CEOs feeling a bit uncertain. The most recent reading of our Late Earnings Report Index shows that more companies are delaying earnings reports than advancing them, pushing the current score to 120, the highest since the COVID-19 pandemic. Academic research⁹ shows when a corporation reports earnings later than they have historically, it typically signals bad news to come on the conference call. While CAT has benefitted from increased infrastructure spending and the push towards clean energy which has increased demand for construction equipment, there is worry that the latest headwinds could cause a slowdown in the industry.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Sumber: DEADLINE - 🏆 109. / 63 Baca lebih lajut »