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Many, many top companies are reporting earnings this morning — and we have Alphabet (GOOGL - Free Report) and Starbucks (SBUX - Free Report) after today’s close — but we only have time to go through a few. Markets are again mixed, as the tech-inspired earnings of this week bring a new rotation back out of cyclical stocks.
United Parcel Service (UPS - Free Report) put up a legitimate blowout quarter for Q121, far surpassing expectations in the Zacks consensus: $2.77 per share topped the $1.67 per share expected — more than double the year-ago quarter’s $1.15 — on $22.91 billion in revenues, which beat our estimates by 12.4%. It’s an extraordinary story of a company that made the most of increased delivery demand services. Shares are up 8.5% in the pre-market, more than doubling year-to-date totals. For more on UPS’ earnings, click here.
Q1 earnings results for General Electric (GE - Free Report) this morning represents a mixed quarter, as the U.S. giant remains in turnaround, like an aircraft carrier on the high seas. Earnings per share beat by a penny (+50%) to 3 cents from 2 cents, while $17.12 billion missed expectations by 2.6%. These also pale a bit to the year-ago quarter’s 5 cents per share and $20.52 billion, respectively. The question is whether its Aviation business will continue to be an albatross, will it swing back or be jettisoned off? For more on GE’s earnings, click here.
Eli Lilly & Co. (LLY - Free Report) came in light for the second time in the last four quarters, posting earnings per share of $1.87 which missed the $2.12 in the Zacks consensus. Revenues in the quarter of $6.8 billion missed our estimate by 1.23%, though were up from the $5.86 billion posted in the year-ago quarter. Lilly shares have traded almost in line with the S&P 500 year to date, but are down 2.7% on the news in today’s pre-market. For more on LLY’s earnings, click here. Questions or comments about this article and/or its author? Click here>>
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.
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Markets, GE Q1 Mixed; UPS Beats Big
Tuesday, April 27, 2021
Many, many top companies are reporting earnings this morning — and we have Alphabet (GOOGL - Free Report) and Starbucks (SBUX - Free Report) after today’s close — but we only have time to go through a few. Markets are again mixed, as the tech-inspired earnings of this week bring a new rotation back out of cyclical stocks.
United Parcel Service (UPS - Free Report) put up a legitimate blowout quarter for Q121, far surpassing expectations in the Zacks consensus: $2.77 per share topped the $1.67 per share expected — more than double the year-ago quarter’s $1.15 — on $22.91 billion in revenues, which beat our estimates by 12.4%. It’s an extraordinary story of a company that made the most of increased delivery demand services. Shares are up 8.5% in the pre-market, more than doubling year-to-date totals. For more on UPS’ earnings, click here.
Q1 earnings results for General Electric (GE - Free Report) this morning represents a mixed quarter, as the U.S. giant remains in turnaround, like an aircraft carrier on the high seas. Earnings per share beat by a penny (+50%) to 3 cents from 2 cents, while $17.12 billion missed expectations by 2.6%. These also pale a bit to the year-ago quarter’s 5 cents per share and $20.52 billion, respectively. The question is whether its Aviation business will continue to be an albatross, will it swing back or be jettisoned off? For more on GE’s earnings, click here.
Eli Lilly & Co. (LLY - Free Report) came in light for the second time in the last four quarters, posting earnings per share of $1.87 which missed the $2.12 in the Zacks consensus. Revenues in the quarter of $6.8 billion missed our estimate by 1.23%, though were up from the $5.86 billion posted in the year-ago quarter. Lilly shares have traded almost in line with the S&P 500 year to date, but are down 2.7% on the news in today’s pre-market. For more on LLY’s earnings, click here.
Questions or comments about this article and/or its author? Click here>>
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>