“`html
Q3 Earnings Overview:
As of the latest reporting, 222 S&P 500 companies revealed their Q3 results, showing a 10.7% increase in total earnings compared to the previous year alongside an 8% revenue increase. This period marked 83.8% of these companies surpassing earnings per share (EPS) estimates and 77.9% exceeding revenue expectations, with 68.5% beating both metrics.
Automakers’ Performance:
In the auto sector, which includes major players like Ford, GM, and Tesla, 57.1% of companies reported a 23.9% decrease in earnings year-over-year, despite a 4.2% rise in revenues. Ford’s earnings fell by 7%, GM’s by 19.3%, and Tesla’s by 39.5%. Notably, all sector members outperformed revenue estimates, with 50% beating EPS estimates. Despite the declines, market reactions were positive as guidance indicated fewer tariff impacts than expected.
“`
