Market data not provided in this earnings-focused newsletter.
No rate or Fed commentary included in today's earnings digest.
No broader market outlook provided in this company-specific earnings summary.
Tencent and Alibaba are in talks to invest in Chinese AI startup DeepSeek at a valuation exceeding $20 billion (The Information). Philip Morris hasn't seen meaningful fallout from Middle East tensions but is monitoring increased energy prices and supply disruptions, though these haven't yet shifted consumer behavior meaningfully.
BBY has selected Jason Bonfig, the company's Chief Customer, Product and Fulfillment Officer, to succeed Corie Barry as the next CEO.
PM delivered solid Q1 upside with EPS of $1.96 versus Street estimates of $1.85 and organic revenue growth of 2.7% versus expected 1.4%. Strength came from both smoke-free products (5.3% organic growth) and combustibles (0.9% growth), though oral smoke-free products weakened due to ZYN softness. Management reiterated prior full-year EPS guidance.
BSX reported Q1 EPS of 80 cents and operational revenue growth of 9.4%, both roughly in line with Street expectations of 79 cents and 9.4%. However, the company cut full-year guidance significantly, now seeing sales growth of 6.5-8% versus prior 10-11% and EPS of $3.34-3.41 versus prior $3.43-3.49.
ELV delivered a strong beat-and-raise report with EPS of $12.58 far exceeding consensus of $11. Revenue hit $49.5 billion versus Street expectations of $47.8 billion, driven by a better medical cost ratio and cost controls. Full-year EPS guidance increased to "at least $26.75" from prior "at least $25.50."
BA reported better-than-feared Q1 results with EPS of -20 cents versus Street -74 cents and free cash flow of -$1.5 billion versus expected -$2.6 billion. Sales rose 14% to $22.21 billion versus Street $21.8 billion, with the backlog growing to $695 billion from $682 billion in Q4.
GEV posted solid EBITDA upside at $896 million versus Street $791 million, with margins jumping 390 basis points year-over-year to 9.6%. The company raised full-year sales guidance to $45 billion from $44.5 billion. Bookings surged 71% organically to $18.3 billion with electrification bookings up 86%.
VRT beat Q1 EPS expectations at $1.17 versus Street $1.01, driven by margin expansion to 20.8% from prior 16.5%. However, organic revenue growth of 23% fell short of Street expectations of 25.5%, and Q2 guidance disappointed on both growth and EPS metrics.
No upcoming macro or Fed dates provided in this earnings-focused newsletter.
Wednesday BMO: BA, BBY, BSX, CME, ELV, GEV, MAS, MCO, OTIS, PM, T, TDY, TEL, TMHC, TNL, VRT, WAB
No forward earnings calendar provided beyond Wednesday's pre-market reporters.