Key Earnings Reports for October 30, 2024: Major Companies Release Q3 Results

Today, October 30, 2024, several major companies are set to release their third-quarter earnings reports, which are expected to have significant impacts on the stock market. One of the notable companies reporting earnings is Alphabet, the parent company of Google, which has already seen a positive reaction following its strong Q3 earnings announcement. Alphabet’s earnings have boosted optimism for the tech sector, helping the Nasdaq to steady despite mixed performances from the Dow and S&P 500.

Coinbase, a leading cryptocurrency exchange, is also expected to report its earnings today. Analysts anticipate that Coinbase will report earnings per share of 45 cents in the third quarter, a significant improvement from the 14 cents per share in the second quarter and a 1 cent loss in the same period last year.

Other major companies scheduled to report their earnings today include Caterpillar, Eli Lilly & Co, Meta Platforms, and Microsoft. These reports are closely watched by investors and analysts as they provide insights into the financial health and future prospects of these companies.

The earnings rush comes amid other significant economic data releases, including GDP and jobs data, which are also influencing market sentiment. The mixed performance of the major indexes reflects the complex interplay of these various economic indicators.