We are still a few weeks away from the Q4 earnings season, but companies with fiscal quarters ending in November will also form part of the Q4 reporting cycle. The AutoZone (AZO – Analyst Report) report this morning and the Adobe (ADBE – Analyst Report) report on Thursday all fall in that category of earnings announcements. Overall estimates for Q4 have come down, with the energy sector's weakness making negative revisions for the quarter even more pronounced than would otherwise be the case.

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