AI Drives Strong Q3 Earnings: Oracle, Victoria's Secret, & More

Earnings Season Strong: Double-Digit Growth & AI Buzz - The third quarter earnings season has been robust, with 99% of S&P 500 companies reporting a 13.4% jump in earnings per share, marking the fourth consecutive quarter of double-digit growth. Major retailers like Macys, Dollar Tree, and American Eagle Outfitters have reported, with investors eagerly awaiting updates from GameStop, AutoZone, Chewy, Costco, and Oracle. AI discussions on earnings calls reached a record high, with companies embracing AI seeing positive stock price impacts. Victorias Secret stock surged 13% after raising sales and earnings guidance, while Hewlett Packard Enterprise shares fell 4% after missing revenue estimates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.