Earnings Season is in Full Swing: GS, BAC, and Today's Reports

$Tesla(TSLA.US)$ reports tomrrow, what do you expect?

$Bank of America(BAC.US)$ net income for the three months ended Sept. 30 was up 10% to $7.8 billion, or 90 cents a share, from $7.1 billion, or 81 cents a share, in the year-ago quarter. The FactSet consensus was 81 cents a share. Revenue rose to $25.2 billion from $24.5 billion in the year-ago quarter, and was slightly ahead of the FactSet consensus of $25.13 billion.

$Johnson & Johnson(JNJ.US)$ rose 1.5% in premarket trade Tuesday, after the medtech and drug company posted better-than-expected third-quarter earnings and raised its profit guidance.

$Lockheed Martin(LMT.US)$ had net income of $1.7 billion, or $6.73 a share, in the third quarter, compared with income of $1.8 billion, or $6.71 a share, in the year-earlier period. Revenue rose 2% to $16.9 billion. The FactSet consensus was for EPS of $6.67 and revenue of $16.7 billion. “Our backlog remains robust at $156 billion as both domestic and international orders were strong,” Chief Executive Jim Taiclet said in a statement.

$Goldman Sachs(GS.US)$ reported a lower third-quarter profit but managed to beat reduced earnings expectations on record revenue in its equities and financing units on Tuesday.