📊 Earnings misses snapped a three-day run. The Nasdaq dropped 1.38% to 26,184.72, the S&P 500 slipped 0.3%, the Dow lost 0.25% and Canada’s S&P/TSX Composite finished flat at 0.04% lower. 🔍 Alphabet ($GOOGL) lost 12% after missing on adjusted earnings and revenue, posting negative free cash flow of $9.07 billion. The Google parent held its full year capex forecast at $195 billion to $205 billion. 🚜 Caterpillar ($CAT) slid more than 9% for its worst day since March 2020. The industrial beat on both lines, but construction industries sales came in slightly under estimates. 💊 Eli Lilly ($LLY) rose 6.63% to $1,373.70 on $24.4 billion in revenue driven by Zepbound and Mounjaro. The drugmaker lifted 2026 revenue guidance to $91 billion to $92 billion from $85 billion to $87 billion, pushing the S&P healthcare sector to a record. ⛏️ Alamos Gold ($AGI) tumbled around 9% to lead TSX decliners as costs swamped a record gold price. Adjusted earnings of $0.44 per share missed by a penny and revenue of $510.4 million came in under the $529 million expected, with all-in sustaining costs at $1,956 an ounce. 📦 Amazon ($AMZN) plunged more than 7% after hours on a miss, with earnings of $1.89 per share against $1.96 expected and revenue of $201.94 billion versus $202.31 billion. Free cash flow was negative $42.4 billion over the trailing year, up 386%, on AI spending. 👨🏻💻 Researched and written daily by @timemino
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Alphabet and Amazon both missed and both kept spending billions on AI. Is the buildout running ahead of the returns?
Yes, the spending is outpacing the payoff
No, it’s early and the returns are coming
108 votes · 1d left
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