Since the market tumbled so violently today many of the top stories have gone away from the numerous earnings reports, but I wanted to visit some of the notable reports because they are truly what drives the market. In the long run, corporate profits are what truly drives a stocks price, and thus drives the overall indices prices. 
Notable Earnings Reports from November 1st
- CVS Caremark Corporation (NYSE:CVS) CVS reported profits that more than doubled those from last year. The company lifted its full year forecast by 3 cents per share. The company is clearly doing better at this point than its closest rival Walgreen (NYSE:WAG).
- Medco Health Solutions (NYSE:MHS) Medco delivered nicely, besting estimates by 9 cents per share. The company also raised full year projections by 5 cents per share.
- Las Vegas Sands (NYSE:LVS) With the run LVS has had, expectations were clearly high for this stock. The company missed the mark by a long ways with tonight's earnings, and the stock is responding very negatively. The company reported 12 cents, vs. expectations of 31 cents per share.
- VeriSign Inc. (Nasdaq:VRSN) VRSN met EPS estimates and fell just short of revenue estimates.
- Talisman Energy (NYSE:TLM) Talisman reported profits that fell 33% from last year. The CEO said this should be the "low point for production going forward."
- Western Digital Corporation (NYSE:WDC) WDC topped analysts estimates as the disk drive space continued its recent strength. The company blasted past estimates of 57 cents, reporting 81 cents per share.
- Electronic Arts (Nasdaq:ERTS) Electronic Arts delivered on its earnings outlook. The company issued a better than expected outlok for its December quarter, which is extremely important to the company.
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