Of the 11 S&P 500 companies that reported earnings before the bell, only two missed Wall Street's estimates.
Of the 11 S&P 500 companies that reported earnings before the bell on Tuesday, only two missed Wall Street's estimates.
UnitedHealth, Johnson & Johnson, J.P. Morgan Chase all beat analysts' expectations, while Goldman Sachs and Wells Fargo fell short of estimates.Frederick J. Brown | AFP | Getty Images The unofficial start to earnings season is off to a bullish beginning with companies like UnitedHealth, Johnson & Johnson, and J.P. Morgan Chase all blowing past analysts' expectations, easing concerns that the China-U.S. trade battle would derail the economy.companies that reported earnings before the bell on Tuesday, only two missed Wall Street's estimates.
"Ahead of each earnings season in 2019 the consensus estimates were calling for negative earnings growth but as companies report we see results coming in better-than-feared," said Nick Raich, chief executive officer of The Earnings Scouting Report.are expected to decline by 4.6% this quarter, after growing by more than 3% in the second quarter, according to FactSet. This trend has not played out so far this season.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three before you leave — What to watch for Tuesday including the start of earnings seasonOn Tuesday we'll get the start of third-quarter earnings season, bank earnings and a gauge of manufacturing acitivty in the New York area.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
JP Morgan stands out amid deluge of bank earnings —Three experts on what it means for marketsEarnings season kicked off with mixed results for Big Banks. J.P Morgan stood out from the pack of bank stocks having beat analysts' low expectations. Watch three experts break down the numbers and what it means for the sector.
Read more »
Wall Street faces a tough earnings season: 'Caution probably makes sense right now'As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year ago
Read more »
Wall Street opens higher on upbeat start to earningsU.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan C...
Read more »
Wells Fargo posts earnings miss driven by $1.6 billion expense linked to scandalsThe bank cited the 'lower interest rate environment' for the decline in net interest income and announced a $1.6 billion charge for litigation costs.
Read more »