EARNINGS WRAP — Wednesday, July 29

49 companies reported. Heavyweight tech and industrials dominate. Widest consensus spread: $MKL at $29.94 core vs $92.76 GAAP — basis mismatch makes that gap the story. $META drops a -13% EPS miss. Adj EPS $6.18 vs $7.10 consensus. GAAP EPS was $7.22. Revenue $60.8B, +28% yoy. The bottom-line miss overshadows strong top-line growth. $MSFT delivers a +12.6% EPS beat. GAAP EPS $4.74 vs $4.21 consensus. Revenue $90.0B, +17.8% yoy. Cloud and AI demand still driving the bus. $HOOD crushes it. Adj EPS $0.62 vs $0.43 consensus — a +44.2% beat. Revenue $1.3B, +32.5% yoy. Crypto and equities trading volumes surge. $PCOR posts a +2,250% beat. Adj EPS $0.47 vs $0.02 consensus. Revenue $375M, +15.8% yoy. A massive profitability swing. $GNRC beats by +49.2%. Adj EPS $2.91 vs $1.95 consensus. Revenue $1.2B, +10.6% yoy. Power resilience demand stays hot. $APH beats by +13.4%. Adj EPS $1.35 vs $1.19 consensus. Revenue $8.8B, +55.7% yoy. The acquisition-fueled revenue jump is the real headline.

49 companies reported. Heavyweight tech and industrials dominate. Widest consensus spread: $MKL at $29.94 core vs $92.76 GAAP — basis mismatch makes that gap the story.