Service revenue increased to $91.6 million (from $84.1 million in the year-ago quarter). Looking ahead, Manhattan Associates raised its full-year 2019 adjusted earnings guidance to a range of $1.63 to $1.65 per share (vs. prior guidance of $1.46 to $1.50).The projection is also higher than analysts’ current forecast of $1.48 per share. The company has projected full-year revenues range of $610 million to $614 million (vs. prior guidance of $598 million to $604 million), which is higher than analysts’ estimate of $600.92 million.

On Monday, AT&T reported adjusted third-quarter earnings of 94 cents per share, which surpassed analysts’ expectation of 93 cents. The telecom behemoth’s quarterly sales of $44.588 billion, however, missed the analyst consensus estimate of $45 billion.The figure is also - 2.52% lower compared to the year-ago quarter’s $45.739 billion. CEO Randall Stephenson  emphasized that “strategic investments” that the company has made over the last several years have helped them meet growing demand for content and connectivity.

But top-line figure handily surpassed estimates. The e-commerce behemoth reported earnings of $4.23 a share, which fell behind analysts’ estimate of $4.62 (based on analysts surveyed by Refinitiv). However, revenue surged +24% year-over-year to $70 billion, beating analysts’ expectation of $68.8 billion (based on Refinitiv poll). Amazon Web Services registered revenue of $9 billion in the quarter, compared to $9.1 billion expected by analysts surveyed by FactSet.International revenues (26.2% of sales) increased +18% year over year to $18.35 billion.  Tailwinds to Amazon's revenue growth came in the form of strong performance of the company's  free one-day delivery service, and expansion of Prime Video content.

Carpenter Technology’s fiscal first quarter earnings and revenue missed analysts’ expectations The manufacturer of stainless steels and corrosion-resistant alloys reported adjusted earnings of 85 cents per share in the first quarter of fiscal 2020 (ended Sep 30, 2019), which fell short of the Zacks Consensus Estimate of 89 cents.Operating profit in this segment increased +53.4% year over year to $81 million, on the back of product mix strength. Net sales in the Performance Engineered Products’ segment  declined -2.1% year over year for the quarter.

Monolithic Power Systems, Inc. exceeded analysts expectations on Q3 earnings and revenue. The provider of power semiconductor solutions reported third-quarter 2019 non-GAAP earnings of $1.08 per share, which edged past the Zacks Consensus Estimate by a couple of cents.The EPS is also + 1.9% higher on a year-over-year basis. Revenues increased +5.5% year-over-year  to $168.8 million, beating Zacks Consensus Estimate of $165 million. While the company’s DC to DC segment (94.6% of total revenues) revenues increased +8.1% year-over-year, its Lighting Control (5.4% of total revenues) sales declined -25.8%. Computing & Storage (31.3% of total revenues) revenues increased +10.8%, thanks to successes from AI applications and high-end servers .

Its revenue, though increased from the year-ago period, still fell short of expectations. The electronic payment services company’s third-quarter 2019 earnings came in at $2.84 per share, surpassing the Zacks Consensus Estimate by 1.4%.Earnings were +31.5% higher compared to the year-ago quarter. Total revenue increased +10.1% year-over-year to $787 million – but missed the Zacks Consensus Estimate by -4%. EFT Processing Segment saw total revenues surge +21% (+26% in constant currency) year over year.

The  Travelers Companies reported third quarter earnings which fell short of analysts’ expectations. The insurance company’s third-quarter 2019 core earnings of $1.43 per share came in way lower than  Zacks Consensus Estimate of $2.38. Travelers’ total revenues increased + 4% from the year-ago quarter to $8 billion. Net written premiums rose +7% year over year to a record $7.6 billion.This happened primarily due to increase in each of the business segments.

Space System segment had +5% higher sales – particularly on the back of government satellite programs, Global Positioning System (GPS) III ,  strategic and missile defense programs.On the other hand, Rotary & Mission Systems experienced a -4% year-over-year decline in sales. As of Sep 29, 2019, Lockheed had $137.4 billion in the backlog, up +0.5% from $136.7 billion at the end of second quarter 2019. In the third quarter, the company paid dividends worth $621 million to its shareholders.

End-user demand turned out to be lower than anticipated. Sales at each of Construction Industries, Resource Industries, Energy & transportation, and Other segments declined by -7%, -12%, -2%, and -2% respectively from the prior year quarter. For the fourth quarter, Caterpillar is expecting end-user demand to remain flat on global economic uncertainty.  For the full-year 2019, Caterpillar lowered its projection of adjusted earnings per share to a range of to $10.59-$11.09, from the prior guidance of $11.75-$12.75.

Biogen Inc. topped analysts’ estimates in both earnings and revenue, while also indicating renewed hope for a Alzheimer’s therapy. The biotech company's  third-quarter 2019 earnings per share of $9.17 beat the Zacks Consensus Estimate of $8.28.Earnings rose +24% year over year. The company’s sales for the quarter increased +5% year-over-year to $3.6 billion, surpassing Zacks Consensus Estimate of $3.53 billion. Biogen’s product revenue increased +4% year-over-year  for the quarter, while its royalty from sales of Roche’s MS drug, Ocrevus surged +37% year-over-year.

Intel beat earnings and revenue expectation for the third quarter, on stronger-than-expected sales across various business segments. The information technology giant reported third quarter earnings of  $1.42 per share, beating analysts’ expectation of $1.24 per share (based on Refinitiv poll of analysts).its PC-centric unit) declined -5% year-over-year  to $9.71 billion in the quarter, beating the $9.59 billion average estimate among analysts polled by FactSet. The company's Data Center Group, which focuses on server chips, garnered $6.38 billion in revenue, which exceeded the $5.62 billion FactSet consensus estimate. The segment grew +4% year-over-year for the quarter.

 Illinois Tool Works beat analysts’ expectations on its third-quarter earnings, while re-iterating its full year outlook.Quarterly revenue, however, missed estimates. The industrial component & equipment maker’s  earnings came in at $2.04 a share for Q3, surpassing analysts’ estimate of $1.94 a share.

American Airlines (NYSE: AAL) reported earnings on October 24 and the company beat on the top line, but missed on the bottom line.The stock jumped 3.96% after the report. Despite the optimistic report, the stock could face some headwinds in the coming weeks as there is potential resistance from two different sources just overhead.

Cellular tower REIT American Tower (NYSE: AMT) has been in a strong upward trend over the past year with the trajectory of the rally becoming steeper in 2019.Now the company is set to release third quarter earnings results on October 31 and investors are hoping the rally can continue. Analysts expect American Tower to report earnings of $0.95 per share on the quarter with revenue coming in at $1.87 billion.

  Healthcare provider Centene (NYSE: CNC) provides programs and services to under-insured and uninsured individuals in the United States.The company is set to release third quarter earnings results on October 22, but the stock ran in to some resistance ahead of the report. The daily chart shows that the stock has been trending lower over the last five months with a trend channel forming that defines the various cycles within the trend.

The Technology Select Sector SPDR (NYSE: XLK) saw two potential bearish signals generated in the last few trading days and these signals are coming as the earnings reports for the sector are getting ready to hit. On October 17, the daily stochastic readings for the XLK made a bearish crossover as the indicators were in overbought territory.The fund did fall on October 18, but of course the overall market dropped significantly that day as well. The XLK also saw a bearish signal generated from the Tickeron Trend Prediction Engine on October 18.

Advanced Micro Devices (AMD) shares jumped more than +3%, following a hike in price target by Morgan Stanley analysts.  The analysts at Morgan Stanley raised their price target on the semi-conductor company’s stock to $32 from $30. According to the Morgan Stanley analysts, AMD is likely to gain market share in every business segment next year, positioning itself as a strong competitor to both Intel and Nvidia, while spending a fraction of the R&D (research and development) that those two companies spend. Enthusiast desktop, servers for the largest scale cloud service providers, and data center graphics, primarily in cloud gaming are areas that the analysts expect AMD to gain the most from. While the analysts indicated that AMD should see gains in notebooks, on the back of a 7 nanometer-chip launch early next year, they also added, "But we have seen historically that it can take the mobile business longer to ramp."

Intuitive Surgical beat analysts' estimates on earnings for its latest quarter, while also surpassing revenue expectations. The robotic surgery company reported earnings of $3.43 a share in the third quarter, compared to  analysts’ expectation of $2.96 (based on survey by Zacks Investment Research). Intuitive Surgical had a +21.2% gain in adjusted EPS during the third quarter compared to the same period a year ago.  Revenue increased +22.5% year-over-year for the to $1.13 billion, which exceeded  the $1.06 billion expected by analysts (polled by Zacks).

American Express reported third quarter earnings that surpassed Wall Street's expectations, on strengths in its card business and some other segments. The financial services company’s earnings of $2.08 a share beat analysts’ expectation of $2.03 a share.Merchant and network services revenue rose +5% to $1.7 billion. Looking ahead, the company re-iterated its fourth-quarter expected earnings-per-share growth of +8%, and expected revenue growth of +10%. For  the full-year 2019, the company expects earnings to range between $7.85 and $8.35 a share, compared to  analysts’ expectation of $8.01 a share.  

Coca-Cola Company reported third quarter earnings that matched expectations, while revenue topped estimates. The beverage giant’s adjusted earnings for the three months ending September came in at 56 cents per share, slightly lower than the year-ago quarter.But the figure is in-line with the Street estimates. Total revenues increased +8% year-over-year to $9.5 billion in the quarter, which is higher than analysts' estimates. The company’s sugar free soda Coke Zero experienced double-digit volume growth.