Higher earnings continue to make the trend and impact markets

Corporate earnings for Q3 continue to impact the performance of financial markets as well as the reactions of investors and traders. Higher than expected earnings have become the common trend on the market scene, this October, despite supply chain difficulties and cost issues.

Tesla
Tesla posted Q3 profits that topped expectations, with record deliveries helping electric-vehicle maker’s results despite supply chain difficulties. Q3 revenue is below expectations, and Tesla’s shares fell slightly Thursday in after-hours trading. Revenue recorded $13.76 billion vs. $13.91 billion expected and adjusted earnings per share was $1.86 vs. $1.67 expected.

OneMain Holdings
OneMain Holdings, Inc. announced Q3 financial statements with stronger than expected earnings backed by vigorous growth in receivables, aided by the company’s strategic initiatives and a rebound in economic conditions.

Adjusted earnings of $2.37 per share have beaten expectations of $2.29 per share. OneMain reported earnings of $2.19 per share in the previous financial year.

Intel
Intel reported that its third quarter revenues and profits were above expectations as the chip giant beat Wall Street estimates. Santa Clara, California-based Intel reported net income of $7 billion (up 54% from a year earlier), or $1.71 a share, on revenues of $18.1 billion, up 5% (up 5%) for the third quarter ended September 30.

American Airlines
American Airlines Group Inc. reported Q3 net income of $169 million, on Thursdaym after reporting a loss in the same period a year earlier. The company said it had net income of 25 cents per share. Losses, adjusted for non-recurring gains, were 99 cents per share. The results surpassed Wall Street expectations.