Earnings Season: Mixed Results, Cautious Market

Q3 Earnings Season: Strong Growth, Mixed ResultsThe third quarter earnings season has been robust, with nearly all S&P 500 companies reporting. Analysts predict a 13.4% jump in earnings per share, marking the fourth consecutive quarter of double-digit growth. Ulta Beauty and Five Below delivered strong results, with their stocks rising. However, Hewlett Packard Enterprise and Kroger faced setbacks, leading to stock price drops. Macys and Bloomingdales also beat expectations. Inflation hit Hormel Foods, causing a fourth-quarter loss despite higher sales. Snowflakes stock plummeted after missing guidance. Despite overall positive performance, the markets reaction to earnings has been more cautious than usual.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.