The third quarter earnings season is underway, featuring significant reports from AI-related companies this week. Key players include
Palantir (PLTR),
AMD (AMD),
and Supermicro (SMCI).
Earnings season has started favorably. As of October 31, 64% of S&P 500 companies have released their results, with
FactSet’s data indicating a predicted
10.7% increase in earnings per share (EPS) for the third quarter. If realized, this would be the fourth consecutive quarter of
double-digit earnings growth, marking a slowdown from the 12% growth recorded in Q2.
Initial expectations for this quarter were slightly lower, as analysts anticipated a 7.9% growth in EPS for S&P 500 companies.
This week, major AI companies like Palantir, AMD, Supermicro, Constellation Energy (CEG), Qualcomm (QCOM),
and Arm Holdings (ARM) are expected to release their quarterly results.
Other significant reports are anticipated from companies like Uber (UBER),
Pfizer (PFE), Spotify (SPOT),
Marriott (MAR), Novo Nordisk (NVO),
McDonald’s (MCD), AppLovin (APP),
Robinhood (HOOD), DoorDash (DASH),
Snap (SNAP), AstraZeneca (AZN),
Airbnb (ABNB), and Warner Bros. Discovery (WBD).
Stay tuned for the latest updates on corporate earnings.
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