Stocks are trying to shake off the cobwebs from last week's
rough batch of third-quarter earnings.
Markets declined about 2% on Friday after
), Intel (
each reported earnings that whiffed on consensus Wall Street
This week is already off to a better start after
demonstrated considerable growth in this morning's Q3 earnings
report. The world's largest maker of construction equipment saw
profits rise 49% last quarter - a sign that the global economy
However, Caterpillar lowered its full-year outlook by a couple
billion dollars, and gave a more muted forecast for 2013 than
analysts were expecting.
The less-than-rosy outlook prevented CAT shares from climbing
too high, as the stock only shot up less than a percentage point
in early trading.
Still, after last week, any earnings growth qualifies as good
news. If the rest of this week's earnings reports are on par with
Caterpillar's, it will be an improvement over last week.
Here are some of the bigger names set to report earnings this
week, starting with an after-market report today:
Bristol-Myers Squibb (BMY)
Delta Air Lines (DAL)
US Airways (LCC)
Dr. Pepper Snapple Group (DPS)
Procter & Gamble (PG)
Sprint Nextel (S)