Stocks That Surpassed Earnings Expectations

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Some of the major U.S. banks are publishing their third-quarter financial results, including Goldman Sachs Group, Citigroup Inc., Bank of America Corporation, and Wells Fargo & Company. The Barclays Bank and the Royal Bank of Scotland are two famous examples. For the third quarter, all of the aforementioned stocks exceeded earnings estimates. All three essential indexes rose as a result of these leading financial firms’ better-than-expected performance. The S&P 500 was up 0.63 percent at 11:27 a.m. ET on October 15, while the Dow Jones and Nasdaq were both up 0.84 percent.

Here is Insider Monkey’s list of 10 stocks that recently surpassed earnings expectations. After the firm announced outstanding results for its fiscal fourth quarter, shares of SMART Global Holdings, Inc. hit a three-month high. The company posted adjusted earnings of $2.16 per share, a considerable increase over the year-ago quarter’s 82 cents per share. For the third quarter, Infosys reported better-than-expected results. Earnings per share for the digital services and consulting firm were 17 cents, up from 15 cents in the same time of 2020. J.B. Hunt Transport Services, Inc. shares climbed more than 3% in pre-market activity on Friday, October 15, 2021. The third-quarter profit and revenues of the transportation and logistics company exceeded expectations. On Friday, Truist Financial Corporation released its third-quarter financial results. The bank holding firm located in North Carolina reported its adjusted earnings for the quarter increased 46 percent year over year to $1.42 per share. Alcoa Corporation saw its stock rise more than 7% in pre-market trade on Friday. Higher aluminum and alumina prices helped the company generate a profit in the third quarter. It also declared a 10 cent per share dividend, which is the company’s first since 2016. For more details, click 10 Stocks That Surpassed Earnings Expectations.

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