What changed
$XOM ExxonMobil beat at $4.23 vs $4.04 (+4.8%) and guided FY adj EPS $27-$29. $CVX Chevron crushed it: adj EPS $5.28 vs $4.83 (+9.2%), GAAP $5.06, revenue $65.2B up 31.2% yoy. Energy is the story.
$REGN Regeneron posted the biggest beat of the day: adj EPS $20.07 vs $16.25 (+23.5%), GAAP $19.27, revenue $5.1B up 36.3%. $ABBV AbbVie adj EPS $3.82 vs $3.77 (+1.3%), GAAP $2.39, revenue $17.4B up 10.3%.
$GD General Dynamics GAAP EPS $4.49 vs $4.13 (+8.6%), revenue $14.6B up 12.8%. $NVT nVent adj EPS $1.52 vs $1.40 (+8.9%), revenue up 43.7% yoy. Industrials flexing.
$LEA Lear adj EPS $3.71 vs $3.32 (+11.7%), GAAP $2.77, revenue $5.8B up 1.6%. $AN AutoNation barely cleared: adj EPS $5.11 vs $5.08 (+0.6%), revenue $7.0B down 0.4%. Auto demand cooling.
$EXC Exelon adj EPS $0.87 vs $0.79 (+10.3%), GAAP $0.70, guided FY $2.85-$2.91. $D Dominion adj EPS $1.28 vs $1.21 (+6.0%), revenue $5.6B up 24.1%. Utilities steady.
$KVUE Kenvue beat: adj EPS $0.29 vs $0.29 (0.0%), revenue $3.9B up 3.2%. $CL Co
Why it matters
$XOM ExxonMobil beat at $4.23 vs $4.04 (+4.8%) and guided FY adj EPS $27-$29. $CVX Chevron crushed it: adj EPS $5.28 vs $4.83 (+9.2%), GAAP $5.06, revenue $65.2B up 31.2% yoy. Energy is the story.