META, IBM and TXN Top EPS Estimates; MCO and LVS Fall Short

Wednesday, Oct. 21, brought a heavy slate of earnings, with dozens of U.S.-listed companies valued at $10 billion or more reporting, according to FMP. Most beat earnings-per-share estimates; MCO, CCI, LVS, ROL, GL, GGG and SSB fell short, and ABT matched consensus at $1.42.

META reported EPS of $7.40 against a $6.54 estimate, on revenue of $64.60 billion versus $63.34 billion. TSLA earned $0.48 per share versus $0.455 expected, with revenue of $28.05 billion, slightly below the $28.06 billion forecast. IBM posted EPS of $2.95 against $2.85 and revenue of $17.10 billion versus $16.82 billion; its shares rose 3.94%. TXN earned $2.62 against $2.44, on revenue of $6.05 billion versus $5.94 billion.

T reported EPS of $0.65 against a $0.602 estimate and revenue of $32.30 billion versus $31.69 billion, while its shares fell 6.45%. ELV earned $6.99 per share versus $4.71 expected, URI $15.55 versus $13.97 and NTRS $3.20 versus $2.87. NEE topped the EPS estimate at $1.24 versus $1.20, though revenue of $8.09 billion was below the $8.47 billion forecast. PM earned $2.36 versus $2.30 and LRCX $2.20 versus $2.18.

Among companies below consensus, MCO earned $4.14 per share against $4.25, with revenue of $2.02 billion versus $2.08 billion. LVS reported $0.54 against $0.683, and CCI $0.67 against $0.687.

The reports coincided with a 1.05% rise in QQQ and a 0.53% gain in SPY. The earnings calendar does not specify whether each company reported before or after the session.

Data

Data: FMP, FRED. Figures are close-to-close unless stated.