US Earnings

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Monday, February 5 – McDonald’s, Caterpillar, Vertex Pharmaceuticals, Tyson Foods, NXP Semiconductors, and Estee Lauder.

Tuesday, February 6 – Eli Lilly, Toyota Motor, Centene, Amgen, Ford Motor, and BP. 

Wednesday, February 7 – Alibaba, CVS Health, Fox Corporation, McKesson, Disney, Uber Technologies, and PayPal.

Thursday, February 8 – ConocoPhillips, Philip Morris, Duke Energy, Expedia, Take-Two Interactive, Pinterest, and Kenvue.

Friday, February 9 – PepsiCo, Newell Brands, and AMC Networks.

Mega-cap US tech: Earnings Analysis

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Mega-cap US tech stocks Microsoft, Alphabet, Amazon, and Meta all reported this week.

Reneue scoreboard: Year-over-year growth Microsoft +18%, Meta +16%, Amazon +12%, Alphabet +9%.

Microsoft

Alphabet

Meta delivered an incredible Q4 2023, generating $5.33 in GAAP EPS and $40.11 billion in revenue. META beat on the top and bottom lines, announced a $50 billion buyback authorization, and implemented a dividend program.

Amazon: Fourth Quarter 2023

  • Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022.
  • Full Year 2023 Net sales increased 12% to $574.8 billion in 2023, compared with $514.0 billion in 2022.
  • North America segment sales increased 12% year-over-year to $352.8 billion.
  • International segment sales increased 11% year-over-year to $131.2 billion.
  • AWS segment sales increased 13% year-over-year to $90.8 billion.
  • Operating income increased to $36.9 billion in 2023, compared with $12.2 billion in 2022.
  • AWS segment operating income was $24.6 billion, compared with operating income of $22.8 billion in 2022.
  • Net income was $30.4 billion in 2023, or $2.90 per diluted share, compared with a net loss of $2.7 billion, or $0.27 per diluted share, in 2022.
  • Free cash flow improved to an inflow of $36.8 billion for the trailing twelve months, compared with an outflow of $11.6 billion for the trailing twelve months ended December 31, 2022.

Honeywell

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HON:NAS

HONEYWELL ANNOUNCES FOURTH QUARTER
AND FULL YEAR 2023 RESULTS; ISSUES 2024 GUIDANCE

  • Fourth Quarter Earnings Per Share of $1.91 and Adjusted Earnings Per Share1
    of $2.60, Above Midpoint of
    Previous Guidance
  • Fourth Quarter Sales of $9.4 Billion, Reported Sales Up 3%, Organic1
    Sales Up 2%
  • Full Year Operating Cash Flow of $5.3 Billion and Free Cash Flow1
    of $4.3B, at High End of Previous Guidance
  • Deployed $8.3 Billion of Capital to Share Repurchases, Dividends, Capital Expenditures, and M&A in 2023
  • Expect 2024 Adjusted Earnings Per Share2,3 of $9.80 – $10.10, Up 7% – 10%
  • Vimal Kapur to Become Chairman of the Board; New Independent Lead Director Announced

US Earnings

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Monday, January 29 – Whirlpool and Nucor.

Tuesday, January 30 – General Motors, United Parcel Service, Sysco, Pfizer, Alphabet, Microsoft, Starbucks, Mondelez International, and Advanced Micro Devices.

Wednesday, January 31 – Phillips 66, Boeing, Mastercard, MetLife, Qualcomm, and Boeing.

Thursday, February 1 – Merck, Honeywell, Altria, Amazon, Apple, Meta Platforms, Royal Caribbean Cruises and Post Holdings.

Friday, February 2 – Exxon Mobil, Chevron, AbbVie, and Charter Communications.