From Nasdaq: 2024-10-19 07:15:00

In mid-October, major semiconductor firms like Taiwan Semiconductor and ASML Holding reported earnings, along with Netflix, American Express, and more, allowing investors to assess their performance. Netflix surpassed revenue expectations with $9.83 billion in Q3, driven by a 15% increase in subscribers to nearly 283 million, pushing shares to rise.

Taiwan Semiconductor saw a 39% revenue increase to $23.6 billion, with net income up 54% to $10.1 billion in Q3. AI-related demand fueled the growth, sparking a 9% rise in TSM stock. ASML fell short of analyst expectations in net bookings, with shares dropping over 15% due to earnings results and guidance.

American Express surpassed profit estimates with $2.5 billion in net income, raising full-year EPS guidance to $13.75 – $14.05. Big banks like JPMorgan and Wells Fargo posted positive results, with varying impacts from declining net interest margins and increased credit loss provisions. Investment banking and wealth management revenues were highlights for many banks.



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