A summary of the earnings after the close. Doordash, Qualcom, AirBnB all report
<ul><li><p>McKesson Corp (MCK):</p><ul><li>Earnings: Beat (EPS 6.23 vs. expected 6.15)</li><li>Revenue: Beat (77.22 billion USD vs. expected 76.03 billion USD)</li><li>Shares are trading down $15.84 or -3.45% in after-hours trading</li></ul></li><li><p>DoorDash Inc (DASH):</p><ul><li>Earnings: Beat (EPS -0.19 vs. expected -0.40)</li><li>Revenue: Beat (2.16 billion USD vs. expected 2.09 billion USD)</li><li>Shares are trading up $5.49 or 7.23%</li></ul></li><li><p>Electronic Arts Inc (EA):</p><ul><li>Earnings: Beat (EPS 1.47 vs. expected 1.25)</li><li>Revenue: Beat (1.91 billion USD vs. expected 1.78 billion USD)</li><li>2024 EPS outlook: Miss (0.75-1.01 vs. expected 2.79)</li><li>Shares are trading up $6.28 or 5.07%</li></ul></li><li><p>Mondelez International Inc (MDL2):</p><ul><li>Earnings: Beat (Adj. EPS 0.82 vs. expected 0.79)</li><li>Revenue: Beat (9.03 billion USD vs. expected 8.83 billion USD)</li></ul></li><li><p>Airbnb Inc (ABNB):</p><ul><li>Earnings: Beat (EPS 6.63 vs. expected 2.10)</li><li>Revenue: Beat (3.40 billion USD vs. expected 3.37 billion USD)</li><li>Shares are trading down $-3.69 or -3.09%</li></ul></li><li><p>Qualcomm Inc (QCOM):</p><ul><li>Earnings: Beat (Adj. EPS 2.02 vs. expected 1.91)</li><li>Revenue: Beat (8.67 billion USD vs. expected 8.51 billion USD)</li><li>Q1 2024 Adj. EPS outlook: Beat (2.25-2.45 vs. expected 2.23)</li><li>Q1 2024 Revenue outlook: Miss (9.1-9.9 billion USD vs. expected 9.2 billion USD)</li><li>Announces Apple (AAPL) chip supply agreement</li><li>Shares are trading up $4.31 or 3.89%</li></ul></li><li>Zillow (Z)<ul><li>EPS: BEAT ($0.33 versus $0.22 expected)</li><li>Revenues: Beat ($496 million versus $481 million expected</li><li>Sees Q4 revenues of $316 million – $334 million versus estimate $458 million estimate</li><li>Zillow sees Q4 adjusted a bit of $40 million – $60 million versus $76 million estimate</li><li>Shares are trading down $1.50 or -4.11%</li></ul></li><li>PayPal Holdings Inc (PYPL):<ul><li>Earnings: BEAT (Adj. EPS 1.30 vs. expected 1.23)</li><li>Revenue: BEAT (7.42 billion USD vs. expected 7.38 billion USD)</li><li>Total Payment Volume: BEAT (387.07 billion USD vs. expected 384.18 billion USD)</li><li>Shares are trading up $0.54 or 1.05%</li></ul></li><li>American International Group Inc (AIG):<ul><li>Earnings: BEAT (Adj. EPS 1.61 vs. expected 1.50)</li><li>Shares of AIG on trading down $0.07 or -0.11%</li></ul></li><li>Albemarle Corp (ALB):</li><li>Earnings: MISS (Adj. EPS 2.74 vs. expected 3.99)</li><li>Revenues: MISS ($2.31 billion versus expectations of a $2.51 billion)</li><li>Shares are trading down $6.46 or -5.25%</li></ul>
This article was written by Greg Michalowski at www.forexlive.com.
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