Quarterly earnings reports are a crucial aspect of understanding a company’s financial health. They share updates on the big three financial reports: the income statement, balance sheet, and cash flow statement. This gives us a peek into the company’s sales, expenses, and net income for the latest quarter.

Let’s delve into some recent quarterly earnings reports.

Caterpillar Inc.

Caterpillar Inc. (NYSE: CAT) is expected to release financial results for its third quarter². The company has been predicted to report higher Q3 earnings².

Icahn Enterprises L.P.

Icahn Enterprises L.P.'s stock closed at its lowest level since June 8, 2004³. This happened ahead of the release of their third-quarter earnings³.

Advanced Micro Devices (AMD)

AMD, one of the few chipmakers capable of making high-end graphics processing units (GPUs) needed to train and deploy generative AI models, has given soft fourth-quarter guidance⁴. However, they expect to sell $2 billion of AI chips next year⁴.

Conclusion

These are just a few examples of recent quarterly earnings. It’s important to note that these reports can significantly impact a company’s stock price. If a company releases better results than analysts predict, its share price will generally rise after the announcement⁵.

Icahn Lab Conference Room (Photo credit: Joe Shlabotnik)

Carl Icahn Invests in Apple Inc.

It wasn’t too long ago that the drop in Apple stock seemed like it would not stop as the price dropped all the way down to $400 a share after the death of legendary CEO Steve Jobs. Now the stock has turned the corner and is on the way back up, but to $700 is a level that not many are predicting. Carl Icahn does feel good about $600 a share and invested 1.5 billion in the stock recently. Icahn feels that the stock is easily worth $625 even without any growth in earnings. In addition to investing in the stock he has spoken with the current CEO, Tim Cook, trying to get the company to purchase more of their shares back from the public.