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US corporate earnings beat estimates at five of seven reporters

Five of seven companies reporting results for the week of Nov. 2 exceeded earnings estimates, according to Finnhub. Another 14 companies were listed as still to report.

Updated 3 min read
Finnhub earnings calendar. (EconoTimes)
Finnhub earnings calendar. (EconoTimes)

US corporate earnings exceeded estimates at five of the seven companies that had reported results for the week of Nov. 2, according to Finnhub's earnings calendar.

Energy Transfer and Sysco fell short of estimates, while another 14 companies were listed as still to report. That group includes Berkshire Hathaway, McKesson and CVS Health.

Earnings per share measures a company's profit divided by its outstanding shares. The estimates represent the average of analyst forecasts collected before companies release their results.

Apple reported earnings of $2.05 a share against an estimate of $2.03, with revenue of $114.48 billion. Marathon Petroleum earned $26.93 a share against $24.72 estimated, with revenue of $56.49 billion.

Pfizer earned $0.87 a share against an estimate of $0.73 and reported revenue of $16.58 billion. Advanced Micro Devices earned $2.09 against $1.97 estimated, with revenue of $13.38 billion.

Shopify reported earnings of $0.49 a share against an estimate of $0.47, with revenue of $3.74 billion.

Energy Transfer LP, based in Texas, earned $0.33 a share against $0.42 estimated, with revenue of $37.10 billion. Sysco earned $1.19 against an estimate of $1.20, with revenue of $21.74 billion.

For companies still to report, the following dates, release times and estimates are those listed by Finnhub. Berkshire Hathaway and Archer-Daniels-Midland remained in that group despite scheduled dates earlier this week.

Berkshire Hathaway was listed for Nov. 2, with earnings estimated at $9,253.77 a share and revenue at $99.78 billion. No release time was supplied.

Archer-Daniels-Midland was listed for Nov. 3 before the market opens, with earnings estimated at $1.62 a share and revenue at $22.41 billion.

CVS Health is scheduled for Nov. 4 before the market opens, with earnings estimated at $1.67 a share and revenue at $105.74 billion. Cencora has the same slot, with estimates of $4.63 a share and $88.91 billion in revenue.

Uber Technologies is also scheduled before the market opens on Nov. 4, with estimates of $0.98 a share and $15.00 billion in revenue. McDonald's has the same slot, with estimates of $3.42 a share and $7.36 billion in revenue.

McKesson is scheduled after the market closes on Nov. 4, with earnings estimated at $10.81 a share and revenue at $110.97 billion. MetLife has the same slot, with estimates of $2.80 a share and $20.18 billion in revenue.

Qualcomm also reports after the market closes on Nov. 4, with earnings estimated at $2.20 a share and revenue at $10.32 billion.

Cigna Group is scheduled before the market opens on Nov. 5, with estimates of $7.73 a share and $74.90 billion in revenue. Cardinal Health has the same slot, with estimates of $2.97 a share and $67.25 billion in revenue.

Airbnb reports after the market closes on Nov. 5, with estimates of $2.91 a share and $4.84 billion in revenue. Arm Holdings is listed for Nov. 5 without a release time, with estimates of $0.48 a share and $1.39 billion in revenue.

Humana is scheduled before the market opens on Nov. 6, with an estimated loss of $1.01 a share and estimated revenue of $41.30 billion.

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