Earnings live: Mentions of 'AI' on earnings calls reach peak levels as Oracle gears up to report
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The Q3 earnings season has largely brought solid results. As of Dec. 5, 99% of S&P 500 companies have reported, according to FactSet data, and analysts estimate a 13.4% jump in earnings per share during the third quarter. If it holds, that figure would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.
Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.
Source: FactSet
Following reports from retailers such as Macy's (M), Dollar Tree (DLTR), and American Eagle Outfitters (AEO) this past week, investors will turn their attention toward earnings from specialty retailers GameStop (GME), AutoZone (AZO), and Chewy (CHWY). Another retail stalwart — Costco (COST) — is also scheduled to provide a quarterly update.
But the marquee report in the week ahead will likely come from Oracle (ORCL), which emerged as one of the AI leaders after a stunning second quarter report that highlighted the company's massive cloud backlog.
Earnings from Adobe (ADBE) and Broadcom (AVGO) will also feature next week to conclude the third quarter reporting season.
Here are the latest updates from corporate America.
Earnings live: Mentions of 'AI' on earnings calls reach peak levels as Oracle gears up to report
================================================================================================
The Q3 earnings season has largely brought solid results. As of Dec. 5, 99% of S&P 500 companies have reported, according to [FactSet data](https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_120525.pdf), and analysts estimate a 13.4% jump in earnings per share during the third quarter. If it holds, that figure would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.
Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.
Source: FactSet
Following reports from retailers such as Macy's ([M](https://finance.yahoo.com/quote/M)), Dollar Tree ([DLTR](https://finance.yahoo.com/quote/DLTR)), and American Eagle Outfitters ([AEO](https://finance.yahoo.com/quote/AEO)) this past week, investors will turn their attention toward earnings from specialty retailers GameStop ([GME](https://finance.yahoo.com/quote/GME)), AutoZone ([AZO](https://finance.yahoo.com/quote/AZO)), and Chewy ([CHWY](https://finance.yahoo.com/quote/CHWY)). Another retail stalwart — Costco ([COST](https://finance.yahoo.com/quote/COST)) — is also scheduled to provide a quarterly update.
But the marquee report in the week ahead will likely come from Oracle ([ORCL](https://finance.yahoo.com/quote/ORCL)), which emerged as one of the AI leaders after a [stunning second quarter report](https://finance.yahoo.com/news/oracles-truly-awesome-quarter-stuns-wall-street-sending-stock-up-36-and-making-ellison-worlds-richest-man-165228458.html) that highlighted the company's massive cloud backlog.
Earnings from Adobe ([ADBE](https://finance.yahoo.com/quote/ADBE)) and Broadcom ([AVGO](https://finance.yahoo.com/quote/AVGO)) will also feature next week to conclude the third quarter reporting season.
Here are the latest updates from corporate America.