Google And Microsoft Blow Past Earnings

Earnings season | US Q1 GDP | Nvidia AI acquisition

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The One Read
April 25, 2024

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Market Headlines 👀 

  • US Q1 advanced GDP comes in at 1.6%; est: 2.5%.

  • US Treasury issues $180b in t-bills this week and overall has a healthy appetite in the bond markets.

  • US weekly jobless claims come in at 215k.

  • Alphabet (GOOGL) beats big on earnings and announces its first company dividend ever.

  • Meta Platforms (META) beats earnings, but has a higher capex than street expected knocking the stock down billions in market cap.

  • Nvidia (NVDA) acquires AI workload management software company Run:ai.

Earnings 💸

  • Microsoft (MSFT)

    • EPS: $2.94 beats (exp. $2.84)

    • Revenue: $61.9b beats (exp. $60.9b)

  • Alphabet (GOOGL)

    • EPS: $1.89 beats (exp. $1.50)

    • Revenue: $93.5b beats (exp. $91.3b)

  • Snapchat (SNAP)

    • EPS: $0.03 beats (exp. $-0.05)

    • Revenue: $1.19b beats (exp. $1.12b)

  • Caterpillar (CAT)

    • EPS: $5.60 beats (exp. $4.91)

    • Revenue: $15.8b misses (exp. $16b)

  • Intel (INTC)

    • EPS: $0.18 beats (exp. $0.13)

    • Revenue: $12.7b misses (exp. $12.8b)

  • SouthWest Airlines (LUV)

    • EPS: $-0.36 misses (exp. $-0.34)

    • Revenue: $6.33b misses (exp. $6.42b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Alphabet earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Source:@StockMarketNerd

Microsoft earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Source: @StockMarketNerd

Market Preview 🎞️

  • Friday, April 26th: Personal income and spending (PCE); University of Michigan sentiment survey and inflation expectations

  • No US Fed speakers they are in blackout period ahead of FOMC meeting next week

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