Third-Quarter Earnings: The Crucial Reporting Season Is Under Way - TheStreet

The third-quarter earnings reporting season, now entering its busiest week, is one of the most crucial in recent memory. Rarely have investors been more nervous about the level of valuations in the stock market, particularly among those formerly highflying tech stocks that still sport relatively rich price-to-earnings ratios.

There's been a full raft of tech stocks and others issuing earnings warnings in the last couple of weeks, trying to blunt the impact of their upcoming shortfalls. Trying, and failing. Wall Street has reacted mercilessly to such so-called preannouncements, sending stocks from

Intel

(INTC) - Get Report

to

Dell

(DELL) - Get Report

, from

Apple

(AAPL) - Get Report

to

priceline.com

(PCLN)

screaming billions of dollars lower.

This week, some of the big names slated to report include

Bank of America

(BAC) - Get Report

,

Citigroup

(C) - Get Report

,

Merrill Lynch

(MER)

,

Apple

(AAPL) - Get Report

,

America Online

(AOL)

,

Microsoft

(MSFT) - Get Report

and

Ford

(F) - Get Report

.

Yet the experts at

I/B/E/S

and

First Call/Thomson Financial

who track earnings know that almost every earnings season turns out to be significantly better than expected. Brokerage-firm industry analysts currently expect third-quarter results to come in about 15% higher than the year-ago quarter's, but the earnings trackers think the figure will be more like 19%. That's slower than the pace in the first and second quarters, but not hugely so.

As the season unfolds, and investors find out whether there's cause for celebration or yet more despair,

TheStreet.com

will keep you on top of the action at every turn.

Wednesday, Oct. 18

Chase Reports Weak Third Quarter as Venture Arm Suffers

Ford Tops Estimates but Tire Troubles Hit Earnings

Knight Trading Beats Estimates

EMC Posts a Strong Third Quarter, but What Good Is It?

Dura Meets Earnings Estimates

Boeing Tops Estimates but Revenue Tumbles

Whirlpool Beats Analysts' 3Q Estimates

State Street Meets Analysts' 3Q Estimates

Time Warner Reports Strong Third Quarter

Avon Beats Analysts' 3Q Estimates by a Penny

Black & Decker Beats Analysts' 3Q Estimates

United Technologies Beats 3Q Estimates

Kodak Tops Lowered Expectations

Ingersoll-Rand Beats Lowered 3Q Estimates

Northrop Grumman Beats 3Q Estimates

International Paper Beats 3Q Estimates, Plans to Shut Three Mills

Check Point Software Beats 3Q Estimates

PurchasePro.com 3Q Results Beat Estimates

STMicroelectronics Beats 3Q Estimates

Mead Reports 3Q Earnings in Line With Estimates

Tuesday, Oct. 17

Update: Intel Tops Lowered Forecast as Concerns Rise on Soft U.S. Sales

Johnson & Johnson Posts Strong Third Quarter

Schwab Hits Estimates

Tellabs Beats Third-Quarter Estimates

Caterpillar's Earnings Beat the Street

Sprint's PCS, FON Groups Both Beat Analysts' 3Q Estimates

Merrill Easily Tops Expectations

Citigroup Tops Estimates

Honeywell's Earnings Meet Estimates

Wells Fargo Reports 3Q Earnings in Line With Estimates

Phelps Dodge Beats Analysts' 3Q Earnings Estimates

Schlumberger Beats Analysts' 3Q Estimates by a Penny

Bank One Sticks to Plan as Revamp Continues

Dana Misses Analysts' 3Q Earnings Estimates

Philip Morris Reports 3Q Earnings in Line With Estimates

Mellon Financial Reports 3Q Earnings in Line With Estimates

Teradyne Tumbles After Earnings Report

i2 Technologies Beats Analysts' 3Q Earnings Estimates

Handspring Beats Analysts' 1Q Estimates

Xilinx Beats Analysts' 2Q Earnings Estimates

RealNetworks Meets Analysts' 3Q Expectations

Timken 3Q Earnings Meet Estimates

Monday, Oct. 16

Analysts See PeopleSoft Easily Besting Last Year -- but by How Much?

Altera Reports Earnings in Line With Estimates

Network Associates Beats Analysts' Earnings Estimates

Analysts See PeopleSoft Easily Besting Last Year -- but by How Much?

Waiting for Big Blue to Show Its Earnings Hand

Continental Beats Earnings Expectations

Bank of America Beats Earnings Estimates

Polaroid Misses Analysts' 3Q Earnings Estimates

Fifth Third Bancorp Meets Analysts' 3Q Earnings Estimates

Bank of New York Meets Analysts' 3Q Estimates

Eaton Beats Estimate, but Blames Ford for Decline From Last Year

W.W. Grainger Reports 3Q Earnings in Line With Estimates

Altera Reports 3Q Earnings in Line With Estimates

Marimba Misses Analysts' 3Q Estimates by a Penny

Network Associates Beats Analysts' 3Q Earnings Estimates

Silicon Laboratories Beats Analysts' 3Q Earnings Estimates

Friday, Oct. 13

ADP Meets Analysts' 1Q Earnings Estimates

Boise Cascade 3Q Earnings Fall Shy of Analysts' Estimates

Diamond Offshore Beats 3 Estimates by 2 Cents

Hertz Beats Estimates

Thursday, Oct. 12

GM Reports 3Q Earnings Fell 5.5% Dragged Down by European Weakness

Unisys Reports 3Q Earnings in Line With Estimates

KLA-Tencor Beats Analysts' 1Q Earnings Estimates

First Data Beats Analysts' 3Q Estimates by 5 Cents

New York Times Reports 3Q Earnings in Line With Estimates

Office Depot Misses 3Q Earnings Estimates by a Penny

Cummins Engine Beats Lowered 3Q Estimates by a Penny

Dow Jones Beats 3Q Estimates by a Penny

Lam Research Beats Analysts' 1Q Estimates

PMC-Sierra Beats Analysts' 3Q Expectations

Dallas Semiconductor Beats Analysts' 3Q Earnings Estimates

Costco Reports 4Q Earnings in Line With Estimates

Guidant Beats Analysts' 3Q Earnings Estimates by a Penny

Wednesday, Oct. 11

GE Earnings In-Line With Expectations

MBNA Beats Analysts' 3Q Estimates by a Penny

PaineWebber Beats Analysts' 3Q Earnings Expectations

Delphi Automotive Reports 3Q Earnings in Line With Estimates

Genentech Reports 3Q Earnings in Line With Expectations

Hughes Electronics 3Q Loss Widens From a Year Ago

Fannie Mae 3Q Earnings Beat Analysts' Estimates by a Penny

Actuate Beats Analysts' Estimates by a Penny

Applied Micro Circuits Beats 2Q Estimates

Rational Software Beats Analysts' 2Q Estimates

Paradyne Networks 3Q Results Come in Below Estimates

Redback Networks Beats Estimates by Turning Profit in 3Q

TranSwitch 3Q Earnings Beat Analysts' Estimates

Tricon Global 3Q Earnings Beat Analysts' Estimates

Tuesday, Oct. 10

Motorola on Target

Yahoo! Tops Estimates

Biogen Beats Earnings Estimates as MS Drug Gains

Sangamo BioSciences Reports Narrower-Than-Expected 3Q Loss

Seagate Technology Beats Analysts' Expectations

FSI International Reports 4Q Earnings Below Analysts' Views

Lucent Warns of a Fourth-Quarter Shortfall

Firstar Reports 3Q Earnings in Line With Estimates

Willamette Industries Beats Analysts' 3Q Expectations

MGIC Investment Beats Analysts' 3Q Estimates as Premiums Earned Grow

PanAmSat Misses 3Q Earnings Estimates by a Penny

Scripps Beats 3Q Earnings Estimates on Cable Television Strength

SunTrust Hits EPS Target but Bad Loans Raise Red Flag

Rite Aid 2Q Loss Widens From a Year Ago

Abbott Labs Reports 3Q Earnings in Line With Estimates

Monday, Oct. 9

SGI Sees 1Q Bottom Line Below Analysts' Views

StorageTek Sees 3Q Revenue Hurt by Supplier Problems

Anxious Net Investors Cast a Wary Eye on Yahoo!

SPX Expects Charge of $76.1 Million

Novadigm Sees 2Q Revenue, Earnings Below Internal Expectations

N2H2 Sees 4Q Loss Wider Than Analysts' Expectations

Oct. 2-6

Despite Scares, Expect Strong Earnings -- And That's Not Fuzzy Math

Fast and Furious: Parsing a Nasty Earnings-Warning Season

The Magic Numbers: What Matters in This Season's Earnings Reports

Tracking Recent Earnings Warnings

Dell Blames Revenue Shortfall on Europe and Small-Business Demand

Surprise. Xerox Warns.

Computer Associates to Again Miss Quarterly Profit Target

Sept. 25-29

Apple's Fall Shaking Up the PC Tree

priceline Investors Head for Exits as Novelty Wears Off

Intel Plunges 19% After Euro Weakness Pounds Third Quarter

S&P 500 Earnings Calendar
Week of Oct. 16

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.

* = Possibly reporting

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