There is absolutely no fear in debt markets
Source: BofA
Earnings for the week of May 13, 2024
https://lnkd.in/eEaHXwcK $BABA $WMT $NU $HD $AMAT $BIDU $NXT $CSCO $JD $STNE $TTWO $SE $DE $OTRK $MNDY $LEGN $OCGN $WULF $DT $LUNR $GRAB $PBR $PSFE $SONY $NICE $HUT $TME $MNSO $OGI $DFLI $CPA $DHT $BITF $BKKT $HUYA $NOTV $QUIK $MAXN $KOPN $LSPD $HBM $ARQT $DDL $CGAU $CRLBF $DOCS $DOLE $ACXP $AGYS $GROY
US earnings season UPDATE: 1Q earnings reported so far are +7.0% above expectations. (Clone)
Source: Mike Zaccardi, BofA
US earnings season UPDATE: 1Q earnings reported so far are +7.0% above expectations.
Source: Mike Zaccardi, BofA
The five $1+ trillion market cap companies that have reported Q1 earnings so far posted sales of more than $412 billion combined during the quarter.
All five beat both EPS and sales estimates. $AAPL $AMZN $GOOGL $META $MSFT Source: Bespoke
Apple's $AAPL iPhone revenue every Q1 since the smartphone was first introduced
Source: Evan
Amazon beats on top and bottom lines. Guidance is mixed.
Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The stock was volatile in extended trading. Amazon expects a continued jump in profitability for the second quarter but at a more measured pace. The company said operating income will be $10 billion to $14 billion, up from $7.7 billion a year earlier. $AMZN Amazon Q1 FY24: • Revenue +13% Y/Y to $143B ($0.7B beat). • Operating margin 11% (+7pp Y/Y). • FCF $50B TTM. • Earnings per share: 98 cents vs. 83 cents expected by LSEG AWS: • Revenue +17% Y/Y to $25.0B. • Operating margin 38% (+14pp Y/Y). Q2 FY24 Guidance: • Revenue ~$144-$149B ($150B expected), representing growth of 7% to 11%. Source: App Economy Insights
Halfway thru earnings season and buyback announcements are ticking up..
DB notes $85B announced last week. Source: DB
