The earnings season for the third quarter has officially begun. The financial results of some of the more well-known firms were revealed.
Here is Insider Monkey’s list of 10 earnings reports everyone is talking about. For the third quarter, Halliburton reported mixed financial outcomes. The oil field service company earned 28 cents per share in adjusted earnings. Revenue for the quarter increased by 29.7% year over year to $3.860 billion. Halliburton Company was expected to earn 11 cents per share, according to analysts. Dover Corporation reported better-than-expected third-quarter financial performance. On an adjusted basis, the diversified global manufacturer earned $1.98 per share. On a year-over-year basis, revenue increased 15.5 percent to $2.018 billion. After reporting strong third-quarter results, State Street Corporation stock soared to its highest level in three years. The investment management firm posted adjusted earnings of $2 per share, exceeding the $1.92 per share consensus estimate. United Airlines Holdings, Inc. saw its stock rise more than 2% in pre-market trade on Wednesday. The third-quarter deficit for the Chicago-based airline was narrower than predicted. Analysts expected a loss of $1.58 per share on $7.64 billion in revenue. Philip Morris International Inc. posted adjusted earnings of $1.58 per share, up 11.3 percent from the previous quarter. Revenue increased 9.1% to $8.12 billion on a year-over-year basis, exceeding the $7.94 billion expectation. For more details, click 10 Earnings Reports Everyone Is Talking About.
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