This week saw a wave of earnings reports from 101 S&P 500 companies, resulting in mixed market reactions. While 82 companies surpassed EPS expectations, Microsoft faced about a 10% share drop post-results, contrasting with a 10% gain for Meta and a 3.5% increase for Tesla, which was buoyed by an upbeat outlook despite a revenue decline. Notably, Apple achieved record revenue driven by unprecedented iPhone demand, while energy giants Exxon Mobil and Chevron exceeded earnings expectations due to higher production volumes.
“U.S. economy · provided · broad snapshot · earnings this week”
“101 companies · reported results from · the S&P 500 · this week”
“82 companies · beat · EPS expectations · of the 101 S&P 500 companies”
“Apple · saw · a muted reaction · after reporting earnings”
“Microsoft · slid · about 10% · after reporting earnings”
“Meta · jumped · roughly 10% · after reporting earnings”
“Tesla · ended the week up · around 3.5% · following its results”
“iPhone · had · its best-ever quarter · driven by unprecedented demand”
“Tesla · coupled · an upbeat outlook · with quarterly earnings”
“Microsoft · delivered · another impressive quarter of growth · in Q2 results”
“Microsoft's growth statistic for Azure · came in at · 39% · below StreetAccount’s 39.4% consensus”
“AT&T and Verizon · topped · Wall Street expectations · for the final quarter”
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