AMD, Alibaba, Starbucks Earnings On Deck As Q2 Reporting Season Passes Half-Way Mark
We are past the halfway mark of the June quarter reporting season, going by the number of SP 500 companies that have reported their earnings. Q2 Reporting Season Thus Far: About 56% of SP 500 companies have released their financial results, with 73% reporting earnings beats and 66% revenue beats, FactSet said in its weekly Earnings Insight report. The second-quarter blended earnings growth rate for SP 500 companies is 6%, the lowest since the 4% growth for the fourth quarter of 2020, the firm said. Among the high-profile beats of the past week were Apple, Inc. (NASDAQ: AAPL ) and Amazon, Inc. (NASDAQ: AMZN ). On the other hand, Meta Platforms, Inc. (NASDAQ: META ) and Intel Corporation (NASDAQ: INTC ) turned in disappointing results. Another Busy Week Ahead: The unfolding week will see earnings releases from 152 SP 500 companies, including 2 Dow components, Factset said. Notable companies scheduled for the week are: Caterpillar, Inc. (NYSE: CAT ) Earnings Schedule: Tuesday, before the market open EPS Estimate: $3.01 Vs. $2.06 a year ago Revenue Estimate: $14.35 billion Vs. $12.89 billion a year ago Caterpillar warned in April that the COVID lockdowns in China may hurt its June quarter results due to weak mining demand in the country.
AMD, Alibaba, Starbucks Earnings On Deck As Q2 Reporting Season Passes Half-Way Mark
We are past the halfway mark of the June quarter reporting season, going by the number of SP 500 companies that have reported their earnings. Q2 Reporting Season Thus Far: About 56% of SP 500 companies have released their financial results, with 73% reporting earnings beats and 66% revenue beats, FactSet said in its weekly Earnings Insight report. The second-quarter blended earnings growth rate for SP 500 companies is 6%, the lowest since the 4% growth for the fourth quarter of 2020, the firm said. Among the high-profile beats of the past week were Apple, Inc. (NASDAQ: AAPL ) and Amazon, Inc. (NASDAQ: AMZN ). On the other hand, Meta Platforms, Inc. (NASDAQ: META ) and Intel Corporation (NASDAQ: INTC ) turned in disappointing results. Another Busy Week Ahead: The unfolding week will see earnings releases from 152 SP 500 companies, including 2 Dow components, Factset said. Notable companies scheduled for the week are: Caterpillar, Inc. (NYSE: CAT ) Earnings Schedule: Tuesday, before the market open EPS Estimate: $3.01 Vs. $2.06 a year ago Revenue Estimate: $14.35 billion Vs. $12.89 billion a year ago Caterpillar warned in April that the COVID lockdowns in China may hurt its June quarter results due to weak mining demand in the country.