JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
The "Squawk on the Street" news crew weighs in on the today's market moving headlines, including a look at JPMorgan and Goldman's earnings beat; and more glitches reported with Boeing's 787 Dreamliner.
Goldman Sachs reported fourth quarter earnings of $5.60 per share versus $3.78 estimated, on net revenues of $9.24 billion. Christopher Whalen, Carrington Investment Services, breaks down the numbers on the big bank.
JPMorgan reports fourth quarter earnings per share of $1.39 versus $1.16 estimated on revenues of $24.4 billion. Christopher Whalen, Carrington Investment Services, breaks down the numbers on the big bank.
JPMorgan Chase's earnings rose strongly in the last quarter of 2012, yet the "London Whale" scandal cost its CEO Jamie Dimon about half his annual compensation.
Ben Lichtenstein, President, Tradersaudio.com is bearish on Apple's stock. He says it is overweighted on the Nasdaq and is a bad representation of the market.
There's a lot at stake this earnings season, and the financial sector, the biggest stock market winner of the past year, will be put to the test Wednesday.
Two heavyweight banks are set to report quarterly results tomorrow. CNBC's Carl Quintanilla has a preview on earnings from Goldman Sachs and JPMorgan Chase. (1:03)
India's largest software services exporter Tata Consultancy Services gained the most in more than eight months in Mumbai trading after posting better-than-expected earnings and prompting a raft of analyst upgrades.
The earnings are likely to dictate sentiment on the stock over the coming months, which means that a poor earnings report could send the stock back on its downtrend.