Q3 S&P 500 EPS growth is expected to come in at 3.4%, the fifth consecutive quarter of growth, yet the weakest quarter in over a year.Peak weeks for Q3 season run from October 28 - November 15took a bit of a breather to start the week as investors waited for the next round of corporate earnings results to come in.) surpassed Wall Street expectations and raised full-year guidance, causing investors to take the stock about 10% higher after the report. More good news came in fromclimbed to 4.
The first of the Magnificent 7 names to report, Tesla, came in better than expected on the bottom line but slightly missed top-line estimates. Those numbers were good enough for investors who took the stock 10% higher after the report. Similarly, IBM reported results that surpassed Wall Street estimates on EPS, but not on revenues, investors were not so forgiving of the tech giant. Shares of IBM were down 5% after the report.
With nearly 20% of the S&P 500 reported thus far, the YoY growth rate stands at 3.4%, the fifth consecutive quarter of growth, yet the lowest growth rate in over a year. Despite better-than-expected reports from banks, the blended growth rate fell as a result of analysts lowering EPS estimates significantly for companies that have yet to report. Three sectors in particular have seen the most drastic cuts, Industrials, Energy, and Health Care.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »