It was a huge day for monetary policy that hands off directly into a huge day for earnings. You could see the angst in the 1.7% decline in the Nasdaq today.
Some earnings headlines from Microsoft:
- EPS 4.74 vs 4.24 est
- Results included benefit of 0.27
- Revenue 90.0b vs 87.62b est
- Cloud revenue up 27% y/y
- Free cash flow of $19.6b, down 23% y/y
- Q4 capex $41.0b
- Shares up 1% after hours
- Nothing out yet on capex
Meta:
- EPS 6.18 vs 7.19 est
- Revenue 60.8b vs 60.22 est
- FCF of 784m
- Capx raised to $130-145 billion vs $125-145b prior)
- Shares down 5% after hours
ARM Holdings:
- EPS 0.45 vs 0.40 est, revenue 1.29b vs 1.26b est
- Shares down 9.3%
Lam Reserach:
- EPS 1.82 vs 1.68 est
- Revenue 6.722b vs 6.665b est
- Shares up 2.5%
Starbucks:
- EPS 0.85 vs 0.66 est
- Revenue 9.3b vs 9.17b est
- Shares up 7.6%
Qualcomm:
- EPS 2.21 vs 2.23 est
- Revenue 9.95b vs 9.68b est
- Shares down 10.4%
With the after hours drop in Qualcomm, shares are down nearly 50% from the May 26 high of $259.
