It was a mixed five days for Wall Street, though the benchmark S&P 500 index (SP500) managed to rebound from last week’s sharp selloff by ekeing out marginal gains. A boost to sentiment from the end of the longest U.S. government shutdown and positive trade developments was offset by continued weakness in the artificial intelligence trade and hawkish comments from Federal Reserve speakers.
For the week, the S&P 500 (SP500) gained +0.1%, while the blue-chip Dow (DJI) added +0.3%. The tech-heavy Nasdaq Composite (COMP:IND) slipped -0.5%.
Earnings Roundup:
Out of the 7 S&P 500 companies that reported earnings this week, 6 of them surpassed EPS expectations, 1 of them missed estimates.
In terms of top-line, three companies beat revenue expectations, and four names trailed estimates.
Source: Seeking Alpha
Let’s take a look at some of the companies that reported earnings this week.
Cisco Systems (CSCO) shares hit an all-time high after Q1 results. The company guided Q2 sales between $15B and $15.2B, above the $14.6B consensus. Adjusted earnings were forecast to be between $1.01 and $1.03 per share, above the $0.98 per share estimate. Adjusted gross margins are forecast to be between 67.5% and 68.5%, slightly below the 68.2% estimate.
Disney (DIS) closed 7% lower after reporting Q4 results. The media giant reported mixed results as the company’s entertainment business was weighed down by its TV networks and a lackluster theatrical film slate.
Applied Materials (AMAT) fourth quarter fiscal 2025 results and outlook surpassed market expectations as the company prepares to meet stronger demand during the second half of 2026.
Occidental (OXY) topped Q3 earnings estimates on strong production volumes.
Earnings next week:
The upcoming week will feature significant focus on consumer and tech companies, primarily driven by Nvidia’s (NVDA) highly anticipated earnings report and from the retail giants including Walmart (WMT), The Home Depot (HD), Target (TGT) and The TJX Companies (TJX).