We are now well into third quarter earnings season and, as of the middle of the week, 376 companies have released their results with the vast majority logging bottom- and top-line figures that met or beat expectations, according to a report provided by Goldman Sachs Global ECS Research.
While companies often meet or surpass estimates, each earnings season brings along its own fair share of earnings surprises that will push a stock up or weigh it down. Sometimes, the surprise is a difference of a few cents, but other times, it can truly be a market mover.
This past quarter, Information Technology and Utilities scored biggest by surpassing analyst forecasts, while Telecom Services took the hardest hit. Here's a look at the winners, and the losers, across ten sectors.