Heute:

• $PG (+1,18%) Procter & Gamble Q3'25 Earnings Highlights

• EPS: $1.54 (Est. $1.55) ❌
• Revenue: $19.78B (Est. $20.36B) ❌; DOWN -2% YoY
• Organic Sales: +1% YoY

• $CMCSA (+2,89%) Comcast Q1 2025 Earnings Highlights

• Adjusted EPS: $1.09 (Est. $0.99) ✅; UP +4.5% YoY
• Revenue: $29.89B (Est. $29.8B) ✅; DOWN -0.6% YoY
• Domestic Broadband Net Loss: -199K (Est. -144K) ❌

• $HAS (+0,77%) Hasbro Q1 2025 Earnings Highlights

• EPS: $0.70 (Est. $0.69) ✅
• Revenue: $887.1M (Est. $771.15M) ✅; UP +17% YoY
• Operating Profit: $171M (19.2% margin)
• Adjusted Operating Profit: $222M (25.1% margin); UP +5.5pp YoY
• Operating Cash Flow: $138M (vs. $178M YoY)
• Returned $98M to shareholders via dividends, reduced debt by $50M

• $MRK (+3,78%) Q1 2025 Earnings Highlights

• Adjusted EPS: $2.22 (Est. $2.13) ✅; UP +7% YoY
• Revenue: $15.53B (Est. $15.33B) ✅; DOWN -2% YoY, UP +1% ex-FX
• Gross Margin: 78.0% (vs. 77.6% YoY) ✅

• $PEP (-1,16%) PepsiCo Q1'25 Earnings Highlights

• Core EPS: $1.48 (Est. $1.49) ❌; DOWN -4% YoY
• Revenue: $17.92B (Est. $17.78B) ✅
• Organic Revenue Growth: +1.2% YoY

• $AAL (+2,14%) American Airlines Q1'25 Earnings Highlights

• Revenue: $12.60B (Est. $12.68B) ❌
• Adj. EPS: ($0.59) (Est. ($0.62)) ✅
• Passenger Rev: $11.39B (Est. $11.36B) ✅
• Load Factor: 80.6% (Est. 81.9%) ❌
• ASM: 69.90B (Est. 69.91B) 🟡
• Withdrew FY guidance due to macro uncertainty
• Previously guided FY25 EPS: $1.70–$2.70

Gestern Abend:

• $NOW (+1,12%) ServiceNow Q1'25 Earnings Highlights

• Adj EPS: $4.04 (Est: $3.83) ✅
• Total Revenue: $3.09B (Est: $3.08B) ✅; UP +18.5% YoY
• Subscription Revenue: $3.01B (Est: $3.00B) ✅; UP +19% YoY
• Adjusted Gross Profit: $2.54B (Est: $2.53B) ✅
• Adjusted Gross Margin: 82% (Est: 81.8%) ✅; DOWN from 83% YoY
• Adjusted Subscription Gross Margin: 84.5% (Est: 83.9%) ✅; DOWN from 86% YoY
• Adj. Free Cash Flow: $1.48B (Est: $1.32B) ✅; UP +21% YoY

$CMG (+5,46%) Chipotle Q1'25 Earnings Highlights

• Revenue: $2.88B (Est: $2.94B) ❌ ; UP +6.4% YoY
• Adj EPS: $0.29 (Est: $0.28) ✅; UP +7.4% YoY
• Comparable Sales: DOWN -0.4% (Est: +1.74%) ❌
• Operating Margin: 16.7% (Est: 16.4%) ✅; UP +40 bps YoY
• Restaurant-Level Margin: 26.2% (Est: 25.9%) ✅; DOWN -130 bps YoY
• Average Restaurant Sales: $3.19M (Est: $3.17M) ✅
• Digital Sales Mix: 35.4% of total food & beverage revenue

$IBM (+1,55%) Q1'25 Earnings Highlights

• Revenue: $14.54B (Est: $14.41B) ✅; UP +0.5% YoY
• Operating EPS: $1.60 (Est: $1.42) ✅; DOWN -5% YoY
• Adj Gross Margin: 56.6% (Est: 55.6%) ✅; UP +190 bps YoY

• $LRCX (+1,05%) Q3'25 Earnings Highlights

Key Metrics

• EPS (Non-GAAP): $1.04 (Est: $1.00) ✅; UP +14% QoQ
• Revenue: $4.72B (Est: $4.63B) ✅; UP +8% QoQ

• $TXN (+1,12%) Instruments Q1'25 Earnings Highlights

• EPS: $1.28 (Est: $1.06) ✅; UP +7% YoY
• Revenue: $4.07B (Est: $3.91B) ✅; UP +11% YoY
• Operating Profit: $1.32B (Est: $1.18B) ✅; UP +3% YoY

$AAL (+2,14%)

🔹 Revenue: $12.60B (Est. $12.68B) 🔴

🔹 Adj. EPS: ($0.59) (Est. ($0.62)) 🟢

🔹 Passenger Rev: $11.39B (Est. $11.36B) 🟢

🔹 Load Factor: 80.6% (Est. 81.9%) 🔴

🔹 ASM: 69.90B (Est. 69.91B) 🟡

🔸 Withdrew FY guidance due to macro uncertainty

🔸 Previously guided FY25 EPS: $1.70–$2.70

Q2'25 Guidance:

🔹 Adj. EPS: $0.50–$1.00 (Est. $0.96) 🟡

🔹 Revenue: Down 2% to Up 1% YoY

🔹 Adj. Operating Margin: ~+6% to +8.5%

🔹 Capacity: +2% to +4% YoY

🔹 CASM-ex (unit costs ex. fuel): +3% to +5% YoY

Segment:

🔸 Domestic Revenue: $8.13B, -1.6% YoY

🔸 International Revenue: $3.26B, +2.1% YoY

  ▫ Pacific: +30.2% YoY

  ▫ Atlantic: -2.7% YoY

  ▫ Latin America: +0.2% YoY

Operations & Strategy:

🔹 Traffic (RPM): -1.9% YoY

🔹 Total Revenue per ASM: 17.95¢ (+0.7% YoY)

🔹 Operating Margin: -2.2% (Adj: -1.6%)

🔸 Free Cash Flow: $1.7B

🔸 Debt Reduced by $1.2B in Q1; Target: <$35B by FY2027

🔸 Liquidity: $10.8B (cash + credit)

🔸 AAdvantage® enrollments +6% YoY; credit card spend +8% YoY

🔸 Complimentary Wi-Fi for loyalty members launching Jan 2026

🔸 Aircraft count: 1,552 (+2.3% YoY); Total FTEs: 133,100

CEO Commentary:

🔸 “We’re well-positioned for uncertainty thanks to a refreshed fleet and disciplined cost control. Despite headwinds, our strategic investments give us confidence in long-term performance.” — CEO Robert Isom

$AAL (+2,14%)

FINANCIAL HIGHLIGHTS

- Adjusted EPS: $0.86 (vs $0.29 year-over-year)

 * Exceeded analyst estimates of $0.65

 * Nearly 200% improvement from previous year

- Revenue Performance

 * Operating revenue: $13.66B (+4.6% YoY)

 * Passenger revenue: $12.40B (+3.3% YoY)

 * Both metrics exceeded analyst expectations

- Profitability

 * Adjusted net income: $609M (vs $192M YoY)

 * Significantly outperformed estimates of $471.3M

OPERATIONAL METRICS

- Capacity and Utilization

 * Available seat miles: 71.50B (+2.5% YoY)

 * Revenue passenger miles: 60.68B (+4.0% YoY)

 * Load factor: 84.9% (improved from 83.6% YoY)

- Cost Management

 * CASM ex-fuel: $13.99 (+5.7% YoY)

 * Total CASM: $17.52 (-1.5% YoY)

 * Passenger yield: 20.44 cents (-0.7% YoY)

 * PRASM: $17.34 (+0.8% YoY)

FLEET

- Total aircraft: 1,562 units

- Fleet growth: +2.7% YoY

$NFLX (+0,35%)

$UAL (-0,76%)

$VZ (-1,97%)

$SCHW (+0,23%)

$PG (+1,18%)

$GE (+0,58%)

$ABT (-0,4%)

$KMI (+0,38%)

$MMM (-0,72%)

$AAL (+2,14%)

$BOKF (+0,94%)

$JNJ (-0,01%)

$HBAN (-0,63%)

$IBKR (+0,2%)

$FCX (-1,06%)

$AA (-2,37%)

$STX (-0,01%)

$TXN (+1,12%)

$KEY (-0,31%)

$ISRG (+1,9%)

$AXP (-0,64%)

$PRGS (+0%)

$HAL (-1,45%)

$DHI (-0,37%)

$FITB (+0,22%)

$GEV (+2,67%)

$TCBI (-0,42%)

$ALLY (-0,1%)

$COF (-0,92%)

$CSX (-0,61%)

$APH (+0,06%)

$ELV (-1,77%)

$CMA (-0,43%)

$DFS

$FOR

$GSBC

$ZION

$PLD

$NEE (+0,17%)

$TRV

$SRCE

$ALK

$BFST

$FFBC

$EQBK

$ERIC

$SMBK

$STLD

$WTFC

$UNP

$AAL (+2,14%) | American Airlines Q3'24 Earnings Highlights:

🔹 Adj EPS: $0.30 (Est. $0.13) 🟢

🔹 Revenue: $13.6B (Est. $13.5B) 🟢; UP +1.2% YoY

🔹 Passenger Revenue: $12.52B (Est. $12.37B) 🟢; UP +0.8% YoY

🔹 ASMs: 75.67B; UP +3.2% YoY

🔹 Load Factor: 86.6% (Est. 84.2%); UP +2.6pp YoY

FY24 Guidance:

🔸 Raised Adj EPS: $1.35 - $1.60 (Prior: $0.70 - $1.30; Est. $1.22) 🟢

🔸 Adj Operating Margin: 4.5% - 5.5% (Prior: 3.5% - 5.5%)

🔸 Capacity (ASMs): +5% to +6% YoY

🔸 TRASM: Revised to "-4% to -3%" (Prior: "-5% to -3%")

🔸 CASM ex-fuel: +2% to +3% YoY (Prior: +1% to +3% YoY)

Q4 Guidance:

🔸 Adjusted EPS: $0.25 - $0.50 (Est. $0.30) 🟢

🔸 Capacity (ASMs): +1% to +3% YoY

🔸 TRASM: -3% to -1%

🔸 CASM ex-fuel: +4% to +6% YoY

Operational Metrics:

🔹 Revenue Passenger Miles (RPMs): 65.50B; UP +6.4% YoY

🔹 Passenger Yield: 19.12¢; DOWN -5.3% YoY

🔹 CASM (Cost per ASM): $17.92; DOWN -4.2% YoY

🔹 CASM ex-fuel: $13.39; UP +2.8% YoY

🔹 Total Aircraft: 1,546; UP +3.1% YoY

Additional Updates:

🔸 Capex (FY24 and FY25): Lower than prior forecast due to aircraft delivery delays

🔸 Cash and Liquidity: $11.8B in total available liquidity

🔸 Debt Reduction: On track to reduce total debt by $15B by 2025

Here are all of the changes coming to the S&P 500

- Stocks being added in: Palantir $PLTR (+4,68%), $DELL (+0,4%) and $ERIE (-11,14%)

- Stocks being removed: American Airlines $AAL (+2,14%), $ETSY (+0,62%), Bio-Rad $BIO (-2,72%)