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Tuff-Stuff

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Tuff-Stuff

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Tuesday, 10/25/2022 6:09:29 AM

Tuesday, October 25, 2022 6:09:29 AM

Post# of 648882
Now is not a good time to report disappointing earnings: Morning Brief

October 25, 6:00 AM ET

This week, we’ll get Q3 earnings announcements from some big names including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN).

For their investors’ sake, the companies will hopefully report some great results. Because so far, the market hasn’t been friendly to stocks reporting disappointing earnings.

Overall, Q3 earnings season hasn’t been particularly spectacular.

Through Friday, about a fifth of S&P 500 companies had reported their Q3 financial results. According to FactSet, 72% of these names reported earnings per share (EPS) that were better than analysts’ estimates. On the surface this seems like pretty good
news.

cont
https://finance.yahoo.com/news/why-now-is-not-a-good-time-to-report-disappointing-earnings-morning-brief-100014027.html
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