Fourteen members of the S&P 500 are expected to report quarterly earnings this week, including The Walt Disney Co. and Cisco Systems Inc.
Seven S&P 500 sectors are expected to report year-over-year declines in aggregate earnings per share for the third quarter. However, only the energy sector is expected to report an aggregate loss.
On Nov. 3, McKesson Corp. reported a quarterly profit of $4.80 per share, beating the consensus estimate. Quarterly revenue at the company fell 5.5% year over year to $60.81 billion.
Meanwhile, CVS Health Corp. reported earnings of $1.66 per share, beating the consensus estimate of $1.34 per share. Revenue grew 3.5% year over year to $67.06 billion, above the consensus estimate of $66.54 billion.