EARNINGS WRAP Thu Oct 29: 90 companies, 86 reported, 4 pending. Heavyweight night: MSFT, GOOGL, TMUS, FDX, F, PSX. Widest consensus spread: MKL (core $27.76 vs $18.15 GAAP). Industrials and tech domin

$MSFT Microsoft: adj EPS $4.89 vs $4.72 (+3.6%), GAAP $4.92, revenue $92.3B +18.8% yoy. Clean beat, no flags. $GOOGL Alphabet: GAAP EPS $2.12 vs $3.00 (-29.4%), revenue $127.6B with +208.4% yoy flagged as outlier. Big miss on the bottom line. $GEV GE Vernova: GAAP EPS $4.81 vs $4.01 (+19.9%), revenue $12.6B +26.8%, FY rev guide $46.5B-$47.5B. Beat includes a one-time net income spike, so treat the size with care. $VRT Vertiv: adj EPS $2.21 vs $1.82 (+21.2%), GAAP $1.95, revenue $4.3B +61.2%. Power and cooling demand is real. $PSX Phillips 66: adj EPS $14.08 vs $11.79 (+19.4%), revenue $51.5B +47.2%. $DINO HF Sinclair: adj EPS $11.75 vs $7.81 (+50.5%), GAAP $11.38, revenue $10.9B +49.7%. Refining crushed it across the board. $FDX FedEx: adj EPS $3.74 vs $3.38 (+10.5%), but GAAP just $1.21, a wide gap. Revenue $22.9B +11.9%. $F Ford: adj EPS $0.49 vs $0.40 (+21.4%), GAAP $0.52, revenue $49.5B -2.0%. Beat on EPS, top line still shrinking. $TMUS T-Mobile: GAAP EPS $3.22 vs $2.91 (+10.6%),

$MSFT Microsoft: adj EPS $4.89 vs $4.72 (+3.6%), GAAP $4.92, revenue $92.3B +18.8% yoy. Clean beat, no flags. $GOOGL Alphabet: GAAP EPS $2.12 vs $3.00 (-29.4%), revenue $127.6B with +208.4% yoy flagge