What changed
$UNH UnitedHealth Group: Adj EPS $4.69 vs $4.14 consensus, a 13.3% beat. GAAP EPS $4.58, tight to adj. Revenue $112.7B. Biggest surprise of the night, health care is not slowing down.
$JNJ Johnson & Johnson: Adj EPS $2.59 vs $2.53 consensus, +2.5% beat. GAAP EPS $0.09, a wide gap from adj, worth flagging. Revenue $25.4B. Solid but the GAAP line is the story here.
$C Citigroup: Adj EPS $2.85 vs $2.62 core consensus, +8.6% beat. GAAP EPS $3.13, above adj. Revenue $23.8B. Banks are beating, and C is no exception.
$DPZ Domino's Pizza: GAAP EPS $4.60 vs $4.39 consensus, +4.8% beat. Revenue $1.2B, up 3.4% yoy. Consumer discretionary holding up better than expected.
$ACI Albertsons: Adj EPS $0.36 vs $0.33 consensus, +9.6% beat. GAAP EPS $0.11, a wide gap. Revenue $18.9B, down 0.1% yoy. Grocery margins are the win, top line is flat.
PENDING: $JPM consensus $5.94, $GS consensus $12.90, $WFC consensus $1.85. All Financials, all report tomorrow. The bank read-through starts with these three. THE
Why it matters
$UNH UnitedHealth Group: Adj EPS $4.69 vs $4.14 consensus, a 13.3% beat. GAAP EPS $4.58, tight to adj. Revenue $112.7B. Biggest surprise of the night, health care is not slowing down.