The third-quarter earnings parade continues. According to data compiled by FactSet, 73% of S&P 500 listed companies have reported better-than-expected earnings, and 66% have announced better revenue than had been anticipated among professional analysts. Overall, that’s a pretty good track record.
However, there have been plenty of hits and misses among some notable names this earnings period. While some companies have knocked the cover off the ball, others have struck out badly, sending their share prices plummeting as a result.
With markets continuing to trend lower and on track to record a loss for the month of October, investors don’t appear to be in a forgiving mood. Companies that have missed expectations for Q3 are seeing their stocks punished. Here are Q3 earnings winners and losers to rethink — three stock duds and four studs.
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