JPMorgan Set to Kick Off Third-Quarter Earnings Season

Third-quarter earnings season gets underway in the week ahead with results from big banks and healthcare companies among the heavy hitters on tap.

Here’s a look at some of the more notable results expected beginning on Tuesday.

JPMorgan

JPMorgan Chase & Co.  (JPM) – Get Report is expected to report adjusted net income of $6.9 billion, or $2.23 a share, on sales of $28.2 billion before the market opens on Tuesday, based on a FactSet survey of 23 analysts.

In the same period a year ago, the company posted earnings of $2.68 a share on sales of $30.1 billion. It reported net income of $9.6 billion.

The stock has risen 3.6% since the company last reported earnings on July 14.

In the upcoming quarter, analysts are forecasting adjusted net income of $6.1 billion, or $1.91 a share, on sales of $26.8 billion.

For the year, analysts project revenue

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Mastercard Incorporated to Host Conference Call on Third-Quarter 2020 Financial Results

On Wednesday, October 28, 2020, Mastercard Incorporated (NYSE: MA) will release its third-quarter 2020 financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time.

The financial results will be posted on the company’s website at investor.mastercard.com. The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents.

Conference Call Details:
U.S. dial-in: (833) 714-0894
International dial-in (outside the U.S.): +1 778 560 2664
U.K. local dial-in: 02035478612
Conference ID: 2393503

A replay of the call will be available for 30 days and can be accessed below:
U.S. dial-in: (800) 585 8367
International dial-in (outside the U.S.): +1 416 621 4642
Conference ID: 2393503

A webcast for this call can also be accessed at investor.mastercard.com.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry.

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Samsung likely to post 35% surge in third-quarter profit as smartphone sales recover

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By Joyce Lee



a person holding a sign: FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul


© Reuters/KIM HONG-JI
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) – Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd [HWT.UL], analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won (£7.04 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales.

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Samsung likely to post 35per cent surge in third-quarter profit as smartphone sales recover

Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35per cent to 10.5 trillion won (US$9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3per cent.

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Tesla’s third-quarter deliveries speed past estimates

Tesla keeps on cranking.


Tesla

Factory shutdown aside, 2020 has been kind to Tesla. The good news machine keeps on humming as the automaker said on Friday it delivered 139,300 vehicles in the third quarter of this year.

The figure beats estimates that ranged from 120,000 to 134,000 vehicles delivered, and it will surely help calm any fears Tesla’s reach only goes so far. Tesla’s official numbers are broken down into two categories: the Model S and Model X and the Model 3 and Model Y. The latter duo was the company’s best-seller, with Tesla delivering 124,100 Model 3 and Model Y vehicles last quarter. As for the Model S and Model X, the automaker delivered 15,200.

In terms of outright production, Tesla said it built 16,992 Model S and Model X

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