Earnings Summary: Everybody Beats, Everybody's Happy (MCD, GE, BLK, TRV, DD)

It's a story of earnings beats and revenue beats, which should make Wall Street happy this morning, as all the heavy hitters beat earnings this morning. General Electric GE reported earnings of 33 cents per share on revenues of $38.4 billion. This compared to Wall Street estimates of 28 cents per share on revenues of $34.64 billion. Dupont DD reported EPS of $1.52 vs $1.36 estimate. Travelers TRV reported $1.89 vs $1.51 estimate while raising its dividend to $0.44. McDonald's MCD reported earnings of $1.15 per share on revenues of $6.1 billion. Wall Street expected earnings of $1.14 per share on revenues of $6.0 billion. Diamond Offshore DO reported earnings of $1.80 per share on revenues of $806.4 million. This compares to Wall Street estimates of $1.41 per share on revenues of $794.7 million. Morgan Stanley MS reported earnings of 46 cents per share on $7.64 billion in revenues, whereas Wall Street expected earnings of 34 cents per share on $7.73 billion in revenues. Verizon VZ reported another strong quarter, reporting earnings of 51 cents per share on $26.99 billion in revenues. This compared to Wall Street estimates of 50 cents per share on $26.9 billion in revenues. Finally, Blackrock BLK reported Q1 EPS of $2.96 vs. $2.77 estimate.