A summary of the major earnings after the close. Chipotle, Ford higher. Meta gets hammered

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ServiceNow Inc: Shares down -4.85%

  • Adj. EPS: $3.41, beating expectations of $3.14
  • Revenue: $2.60 billion, beating expectations of $2.59 billion

Chipotle Mexican Grill Inc: Shares are higher by +3.36%

  • Adj. EPS: $13.37, beating expectations of $11.68
  • Revenue: $2.70 billion, beating expectations of $2.67 billion

International Business Machines Corp. Shares of their -6.03%.

  • Adj. EPS: $1.68, beating expectations of $1.60
  • Revenue: $14.46 billion, missed expectations of $14.55 billion

Lam Research Corp: Shares are down -0.55%

  • Adj. EPS: $7.79, beating expectations of $7.30
  • Revenue: $3.79 billion, beating expectations of $3.72 billion

Meta Platforms Inc. Shares are tumbling -12.09%.

  • EPS: $4.71, beating expectations of $4.32
  • Revenue: $36.46 billion, beating expectations of $36.16 billion
  • Q2 2024 Revenue View: $36.5-39 billion, The midpoint is lower than the markets estimate
  • FY24 Capex View: $35-40 billion, higher than expectations of $34.73 billion

Ford Motor Co: Shares are up 2.08%

  • Adj. EPS: $0.49, beating expectations of $0.42
  • Revenue: $42.80 billion, beating expectations of $40.10 billion

This article was written by Greg Michalowski at www.forexlive.com.



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