Quanta Services IncQuanta Services delivered the largest upside surprise with EPS of $4.24, nearly double the consensus.
Twenty-seven of the 29 industrial companies that reported quarterly earnings this week topped analysts' earnings-per-share expectations, while 22 beat revenue forecasts. Boeing posted a narrower loss of 76 cents per share versus the expected $1.24 loss, and United Parcel Service earned $1.76 per share, 21 cents above estimates. Quanta Services delivered the largest upside surprise with EPS of $4.24, nearly double the consensus, while Eaton and Vertiv Holdings were among the few that missed on either the top or bottom line. The Industrial Select Sector SPDR ETF fell 2.34% for the week but remains up 15.71% year-to-date, outpacing the S&P 500's 8.65% gain.
Quanta Services IncQuanta Services delivered the largest upside surprise with EPS of $4.24, nearly double the consensus.
Eaton Corporation PLCEaton was among the few that missed on either the top or bottom line.
Caterpillar Inc
Cummins Inc
The Boeing CompanyBoeing posted a narrower-than-expected loss of 76 cents per share versus the expected $1.24 loss.
General Dynamics Corporation
Howmet Aerospace Inc
L3Harris Technologies Inc
Emerson Electric Company
Illinois Tool Works Inc
Uber Technologies Inc
Carrier Global Corp
Johnson Controls International PLC
Trane Technologies plc
Waste Management Inc
United Parcel Service IncUnited Parcel Service earned $1.76 per share, 21 cents above estimates.
Vertiv Holdings CoVertiv Holdings was among the few that missed on either the top or bottom line.
Axon Enterprise Inc.