With earnings season winding down, Markets Insider took a look at some of biggest winners and losers from the third quarter now that the vast majority of companies have reported.
According to analysts from Bank of America Merrill Lynch, overall S&P 500 earnings will come in about 2% above estimates.
While still below peak levels, corporate margins have remained resilient despite tariffs and wage inflation, the firm wrote in a note to clients on November 3.
Investors and analysts have likely been looking for signs of a slowing economy in the form of pressured earnings as uncertainty around the US-China trade war and global growth concerns persisted throughout the quarter.
UBS expects an earnings recession could be on the horizon amid a cloudy macroeconomic backdrop. The firm wrote in a note to clients on Tuesday that the year-over-year growth rate for S&P 500 forward earnings has fallen to less than 1%, from 23% about 14 months ago.
Markets Insider compiled a list of companies that posted strong single-day share gains following their earning's releases, in addition to stocks that plunged after disappointing results.
Here are five of the biggest winners and losers from the third-quarter earnings season. Each group is listed in increasing order of single-day stock move:Winner #5: NetflixNetflix
Single-day stock move: 11%
Key numbers from Netflix third-quarter earnings:Revenue: $5.244 billion, compared to $5.248 billion expected by analystsEarnings per shares: $1.47, versus $1.04 forecasted by analystsNet income: $665 million, compared to $573.75 million estimated by analystsNet international subscriber additions: 6.26 million, compared to 6 million estimated by analystsNet subscriber additions: 6.8 million, compared to the range of 6.8 million to 7 million expected by Wall StreetWinner #4: Kraft HeinzScott Olson / Getty Images
Single-day stock move: 11.8%
Key numbers from Kraft Heinz's third-quarter earnings:Revenue: $6.08 billion, versus the $6.13 billion estimateAdjusted earnings per share: 69 cents, versus the 53 cents estimateWinner #3: General ElectricAP Images / Richard Drew
Single-day stock move: 14%
Key numbers from General Electric third-quarter earnings:Revenue: $23.36 billion reported versus $28.77 billion (expected)Earnings per share: 15 cents reported versus 12 cents (expected)Winner #2: SpotifyAP Photo/Richard Drew
Single-day stock move: 19%
Key numbers from Spotify third-quarter earnings:Revenue: 1.73 billion euros, versus the 1.72 billion euro estimateAdjusted earnings per share: 0.36 euros, versus the -0.182 euro estimateOperating profit: 54 million euros, versus the -23.5 million euro estimateMonthly active users: 248 million, versus the 243.4 million estimateWinner #1: TeslaZhang Peng / Getty Images
Single-day stock move: 20%
Key numbers from Tesla third-quarter earnings:Earnings per share: $1.86, versus the -$0.24 estimateRevenue: $6.30 billion, versus the $6.45 billion estimateGross margin: 18.9%, versus the 17.7% estimateQ3 vehicle deliveries: 97,000, versus an estimated 95,000 to 100,000Loser #5: McDonald'sAnton Novoderezhkin\ ASS via Getty Images
Single-day stock move: (-4%)
Key numbers from McDonald's third-quarter earnings:Revenue: $5.43 billion, compared to $5.48 billion expected by analystsEarnings per share: $2.11, versus $2.21 estimated by analystsNet income: $1.61 billion, versus $1.69 billion forecasted by analystsLoser #4: UberJohannes Eisele/Contributor/Getty
Single-day stock move: (-7.4%)
Key numbers from Uber third-quarter earnings:Earnings: -68 cents per share versus -63 cents per share (expected)Revenue: $3.8 billion versus $3.4 billion (expected)Net income: -$1.1 billion, in line with expectationsLoser #3: Shake ShackJohn Locher/AP
Single-day stock move: (-19%)
Key numbers from Shake Shack third-quarter earnings:Earnings per share: $0.26, adjusted, versus $0.20 (expected)Revenue: $157.8 million, versus $157.9 million (expected)Same-store sales growth: 2%, versus 2.9% (expected)Loser #2: PinterestReuters
Single-day stock move: (-24%)
Key numbers from Pinterest's third-quarter earnings:Revenue: $279.7 million reported versus $282.1 million (expected)Earnings per share: 1 cent, excluding some items, reported, versus -4 cents (expected)Loser #1: GrubHubLucas Jackson/Reuters
Single-day stock move: (-40%)
Key numbers from GrubHub's third-quarter earnings:Revenue: $322 million reported versus $330 million (expected)Earnings per share: 27 cents reported versus 27 cents (expected)","image":"","author":"Finanzen.net Gmbh","source":"markets.businessinsider.com","domain":"businessinsider.com","publishedTime":"","duration":156}