AI Sector Thrives, Retailers Mixed in Q3 Earnings

Third quarter earnings season has been robust, with 92% of S&P 500 companies reporting a 13.1% jump in earnings per share, marking the fourth consecutive quarter of double-digit growth. Nvidia and Walmart led the pack, while BJs Wholesale Club and Gap also exceeded expectations. However, Bath and Body Works and Target faced challenges, and Palo Alto Networks and Intuit saw mixed results. The season underscores the AI sectors strength and retail giants resilience amid evolving consumer preferences and economic pressures.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.