At a glance: No S&P 500 names report today, a quiet close to a week that peaked midweek with Eli Lilly, Mastercard, Merck, Caterpillar and Linde before the open and Amazon, Intel and Sandisk after the close — all scored below. The next print lands Monday, when Apple opens a heavy week running through AMD and Palantir, Qualcomm and McDonald's, and ConocoPhillips and Parker Hannifin.
Scorecard — what printed since we last wrote
Thursday's docket split sharply between the surprise and the reaction. Amazon missed (EPS $1.89 vs. $1.96 consensus, -3.6%) and fell 7.55% after hours, with EPS essentially flat year on year (-3.1%) after two quarters of sharp margin improvement — the capex and spending debate evidently outweighed the shortfall itself. Caterpillar and Illumina both beat (+2.4% and +19.1%) yet sold off in the session and after hours respectively (-9.25%, -11.74%), and Stryker came in in line (-0.85%, within the ±2% band) but still dropped 11.68% after hours — three reminders that this week's tape has been punishing even clean prints. Intel's headline surprise was the most dramatic gap of the batch: a 30% EPS beat (and reported EPS up 126.1% year on year) couldn't stop a 23.28% after-hours slide, with the year-on-year figure flattered by a year-ago quarter still absorbing heavy restructuring and foundry-investment charges rather than describing a clean trajectory. Aon's miss (-32.7% on EPS, and -30.7% year on year) drew almost no reaction at all (+1.88%), suggesting the shortfall was already well understood going in. On the other side of the ledger, Eli Lilly (+13.2% surprise) and Mondelez (+9.9%, after hours) both got rewarded in kind (+6.63%, +7.63%), while Sandisk's beat (+6.7%; reported EPS up 3,958.2% year on year, flattered by a year-ago quarter still mired in the NAND oversupply trough that has since flipped into an acute shortage) was met with a 4.32% after-hours pullback, continuing its post-high retreat. Starbucks beat by 12.7% but managed only a 1.52% after-hours dip, in keeping with a print the market had largely pre-positioned for.
| Company | Time | EPS actual | EPS surprise | EPS YoY | Rev. actual | Rev. surprise | GM / NM | Reaction |
|---|---|---|---|---|---|---|---|---|
Amazon AMZN | After-close | $1.89 | -3.6% | -3.1% | — | — | — | -7.5% AH |
Lilly (Eli) LLY | Pre-open | $7.48 | +13.2% | +6.6% | — | — | — | +6.6% |
Mastercard MA | Pre-open | $5.31 | +2.7% | +21.2% | — | — | — | +4.2% |
Intel INTC | After-close | $0.52 | +30.0% | +126.1% low year-ago base | — | — | — | -23.3% AH |
Merck & Co. MRK | Pre-open | $2.49 | +19.1% | -3.5% | — | — | — | +3.8% |
Caterpillar Inc. CAT | Pre-open | $7.20 | +2.4% | +45.5% | — | — | — | -9.2% |
Linde plc LIN | Pre-open | $3.66 | -19.0% | -13.1% | — | — | — | -1.0% |
Sandisk SNDK | After-close | $49.51 | +6.7% | +3958.2% low year-ago base | — | — | — | -4.3% AH |
Gilead Sciences GILD | After-close | $2.55 | +16.4% | +3.2% | — | — | — | +3.3% AH |
Bristol Myers Squibb BMY | Pre-open | $1.35 | +10.7% | -17.2% | — | — | — | +1.4% |
Altria MO | Pre-open | $1.52 | +0.7% | +4.8% | — | — | — | +5.2% |
Starbucks SBUX | After-close | $0.80 | +12.7% | +53.8% | — | — | — | -1.5% AH |
Stryker Corporation SYK | After-close | $3.52 | -0.8% | +10.3% | — | — | — | -11.7% AH |
Trane Technologies TT | Pre-open | $4.86 | +2.5% | +25.3% | — | — | — | -3.9% |
Quanta Services PWR | Pre-open | $6.06 | +20.5% | +82.0% | — | — | — | +4.7% |
Intercontinental Exchange ICE | Pre-open | $2.02 | +2.5% | +18.1% | — | — | — | +4.5% |
Mondelez International MDLZ | After-close | $0.78 | +9.9% | +6.8% | — | — | — | +7.6% AH |
Howmet Aerospace HWM | Pre-open | $1.46 | +6.6% | +53.7% | — | — | — | +5.5% |
| Also reported (9 of 11 above consensus): RSG, AON, AJG, DLR, MPWR, CRH, LHX, XEL, CARR, ILMN, AMP | ||||||||
The week ahead
Next week is the heaviest of the earnings season's back half. Apple opens Monday after the close — the first full quarter of iPhone 17 sales, with consensus of $1.98 (up 7.0% year on year) and a 4.0% implied move putting far more weight on margin commentary (memory-cost pressure has been the live worry into the print) than on the unit story. Palantir reports the same evening with consensus of $0.41 (up 95.2% year on year) and a 12.2% implied move, by far the richest of the week, reflecting how binary sentiment around its growth multiple has become. Tuesday is the single busiest day on the calendar (38 names): AMD, consensus $1.94 (up 61.7% year on year, 8.3% implied move), carries the data-center AI-GPU ramp into the print, with its Instinct accelerator roadmap and large compute commitments the central debate against questions about supply and margin mix; Amgen, Booking, Pfizer and Eaton round out a cluster spanning biotech, travel and industrials. Wednesday (42 names) pairs Qualcomm, consensus $2.16 but down 28.0% year on year on an accelerating decline in Apple-related modem revenue as Apple's own chips displace it, against McDonald's, consensus $3.38 (up 5.0% year on year, 4.0% implied move) in a steadier consumer-staples read, alongside Uber, DoorDash and AppLovin. Thursday (37 names) is led by the energy and industrial complex: ConocoPhillips, consensus $3.04 (up 88.8% year on year, 4.5% implied move), and Parker Hannifin, consensus $8.17 (up 13.2% year on year, 8.8% implied move), with Airbnb and a cluster of utilities also on the slate. The week closes Friday with Moderna and Humana, where consensus for both implies a net loss — Humana's swinging from a year-ago profit — so neither carries a conventional year-on-year comparison worth quoting.
| Day | Company | Time | Cons. EPS | Yr-ago EPS | Implied move |
|---|---|---|---|---|---|
| Monday Nov 2 | Apple Inc. AAPL | After-close | $1.98 | $1.85 | 4.0% |
Palantir Technologies PLTR | After-close | $0.41 | $0.21 | 12.2% | |
Marriott International MAR | Pre-open | $2.85 | $2.47 | — | |
Diamondback Energy FANG | After-close | $5.60 | $3.08 | — | |
Realty Income O | After-close | $0.43 | $0.36 | — | |
Entergy ETR | Pre-open | $1.70 | $1.53 | — | |
Idexx Laboratories IDXX | Pre-open | $3.71 | $3.40 | — | |
Estée Lauder Companies (The) EL | Pre-open | $0.50 | $0.32 | — | |
| Also: PEG, AXON, ON, FOXA, L, AES, CLX | |||||
| Tuesday Nov 3 | Advanced Micro Devices AMD | After-close | $1.94 | $1.20 | 8.3% |
Amgen AMGN | After-close | $5.79 | $5.64 | 4.8% | |
Arista Networks ANET | After-close | $1.08 | $0.75 | — | |
Pfizer PFE | Pre-open | $0.73 | $0.87 | — | |
Eaton Corporation ETN | Pre-open | $3.55 | $3.07 | — | |
Marathon Petroleum MPC | Pre-open | $26.00 | $3.01 | — | |
Booking Holdings BKNG | After-close | $4.50 | $3.98 | — | |
Apollo Global Management APO | Pre-open | $2.20 | $2.17 | — | |
| Also: AME, KDP, WAT, XYZ, AIG, YUM, SYY, PRU, ADM, EXPD, FISV, IFF, SMCI, SWKS, BR, FIS, DD, RVTY, BG, ZBRA, LDOS, BALL, AIZ, IT, PNW, TECH, JKHY, HSIC, APTV, MOS | |||||
| Wednesday Nov 4 | Qualcomm QCOM | After-close | $2.16 | $3.00 | 9.9% |
McDonald's MCD | Pre-open | $3.38 | $3.22 | 4.0% | |
Uber UBER | Pre-open | $0.90 | $3.11 | — | |
CVS Health CVS | Pre-open | $1.65 | $1.60 | — | |
McKesson MCK | After-close | $10.75 | $9.86 | — | |
Datadog DDOG | Pre-open | $0.64 | $0.55 | — | |
Emerson Electric EMR | Pre-open | $1.85 | $1.62 | — | |
AppLovin APP | After-close | $4.03 | $2.45 | — | |
| Also: MSI, DASH, APD, ALL, GWW, MET, COR, AFL, EW, VMRK, COHR, MLM, EXPE, ATO, KHC, CPAY, Q, ES, TPL, AMCR, PTC, CDW, ZBH, APA, CRL, CF, HST, NWSA, SWK, FICO, TRMB, TKO, ALB, PODD | |||||
| Thursday Nov 5 | ConocoPhillips COP | Pre-open | $3.04 | $1.61 | 4.5% |
Parker Hannifin PH | Pre-open | $8.17 | $7.22 | 8.8% monthly expiry, 15d out | |
Southern Company SO | Pre-open | $1.71 | $1.60 | — | |
Duke Energy DUK | Pre-open | $1.86 | $1.81 | — | |
Airbnb ABNB | After-close | $2.85 | $2.21 | — | |
EOG Resources EOG | After-close | $4.44 | $2.71 | — | |
Lumentum LITE | After-close | $4.22 | $1.10 | — | |
Cigna CI | Pre-open | $7.51 | $7.83 | — | |
| Also: CMI, SPG, TRGP, CAH, DVN, SRE, BDX, ROK, MCHP, ED, LYV, KMB, IRM, MTD, ZTS, AEE, DTE, VRSK, RL, TPR, GPN, STE, VTRS, EVRG, AKAM, SOLV, REG, CPT, WYNN | |||||
| Friday Nov 6 | Moderna MRNA | Pre-open | $-1.28 | $-0.51 | 11.6% |
Humana HUM | Pre-open | $-1.00 | $3.24 | 7.3% | |
Vistra Corp. VST | Unconfirmed | $2.67 | $1.75 | — | |
PPL Corporation PPL | Unconfirmed | $0.53 | $0.48 | — | |
Franklin Resources BEN | After-close | $0.77 | $0.67 | — | |
Charter Communications CHTR | Unconfirmed | $8.94 | $8.34 | — | |
Informational only — not investment advice. Figures are consensus/estimates and option-implied values from public sources and may be revised.