Comic: Wall Street’s Q3 Earnings Season Gets Off To A Strong Start

By Jesse Cohen

Investing.com – Wall Street’s third-quarter earnings season has gotten off to a strong start so far, with companies like Netflix (NASDAQ:), JPMorgan Chase (NYSE:) and UnitedHealth (NYSE:) all blowing past analysts’ expectations.

Earnings for the are expected to decline by 4.1% for the third quarter, according to FactSet, which would mark the first year-on-year contraction since the earnings recession that ended in 2016.

Lingering fears over the fallout from the prolonged U.S.-China trade war on U.S. companies prompted market players to brace for a grim earnings season.

However, this trend has not played out so far this season. Of the 43 S&P 500 companies that reported earnings before the bell Thursday, 86% have come in better than consensus expectations.

The biggest name to report results this week was Netflix (NASDAQ:). Shares surged 10% after the streaming giant than Wall Street expected in the third quarter when it reported after Wednesday’s closing bell.

Earnings will continue to be the focal point for investors for the remainder of the month, with market heavyweights like Facebook (NASDAQ:), Apple (NASDAQ:), Amazon (NASDAQ:) and Google-parent Alphabet (NASDAQ:) all set to report quarterly results.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

— Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.