Morning Earnings Recap: The Biggest Reports From Thursday's Session

Thursday's batch of earnings ended up upending some key parts of the market. Among these were semiconductors like Advanced Micro Devices, Inc. AMD, which saw a boost off of strong reports from Western Digital Corp. WDC and Intel Corporation INTC, as well as continued momentum in airliners following upbeat reports from American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK.

For a quick refresher, here's a list of the biggest reports from yesterday's session.

• Alaska Air Group, Inc. ALK reported Q4 EPS of $0.75 and quarterly sales of $2.064 billion, which beat the analyst consensus estimate of $0.71 EPS by 5.63 percent and edged out the $2.06 billion revenue estimate by 0.19 percent. Shares were at $65.78 at the end of trading, notching a 3.25 percent uptick.
• American Airlines Group Inc. AAL gained 6.4 percent to close at $33.66 after the company said it expects fiscal year 2019 EPS to range from $5.50 to $7.50 versus the $5.87 analyst estimate. Q4 EPS was reported at $1.04, which met the consensus estimate. The airline reported quarterly sales of $10.938 billion, missing the analyst consensus estimate of $10.98 billion by 0.38 percent.
• Bristol-Myers Squibb Co. BMY reported quarterly earnings of $0.94, which beat the consensus estimate of $0.85 by 10.59 percent. The company reported quarterly sales of $5.973 billion, which missed the analyst consensus estimate of $5.99 billion by 0.28 percent. Shares closed down 1.88 percent at $49.02.
• Discover Financial Services DFS reported quarterly earnings of $2.03, which was off about a percent from the analyst estimate of $2.05. Sales came in at $2.81 billion, meeting analyst estimates. Shares ended at $66.18, less than a tenth of a percent over it’s previous close.
• Freeport-McMoRan Inc. FCX shares declined 13.08 percent to $10.70 following downbeat quarterly earnings of $0.11, missing the analyst consensus estimate of $0.19 by 42.11 percent. The company reported quarterly sales of $3.684 billion, missing the analyst consensus estimate of $3.87 billion by 4.81 percent.
• Intel Corporation INTC reported Q4 EPS of $1.28, beating consensus estimates from analysts of $1.22 by 4.92 percent. Shares ended down at 3.8 percent at $49.76 at the end of trading. Fourth quarter GAAP sales came in at $18.66 billion, which fell short analysts $19 billion estimate.
• JetBlue Airways Corporation JBLU reported quarterly earnings of $0.50, which beat the analyst consensus estimate of $0.43 by 16.28 percent. The airliner’s revenue came in at $1.968 billion, edging out a $1.960 billion consensus estimate. Shares ended the day at $18.12 at end of trading, a 5.1 percent increase.
• McCormick & Company, Inc. MKC reported Q4 EPS of $1.67, missing the $1.70 estimate by 1.76 percent, and showed sales of $1.499 billion, missing the $1.55 billion estimate. Shares of McCormick closed down 10.54 percent at $124.35.
• Starbucks Corporation SBUX reported quarterly earnings of $0.75, beating the analyst consensus estimate of $0.65 by 15.38 percent. The coffee giant reported quarterly sales of $6.63 billion, which beat the analyst consensus estimate of $6.49 billion by 1.69 percent. Shares finished down 2.54 percent at $64.74.
• STMicroelectrics STM closed up 10.78 percent on Thursday at $15.62 following a 4.55 percent  EPS beat of $0.46 versus the analyst estimate of $0.44 and a revenue beat of $2.648 billion compared to the consensus $2.64 billion.
• Southwest Airlines Co. LUV reported better-than-expected results for its fourth quarter. Southwest posted per share earnings of $1.17 on revenue of $5.704 billion. This beat analyst estimates, which expected at a per share value of $1.07 on revenue of $5.67 billion. Share prices ended at $54.21, up 6.25 percent.
• Western Digital Corp. WDC reported Q4 earnings of $1.45 and quarterly sales of $4.233 billion, missing its consensus EPS estimate of $1.51 by 3.97 percent and coming in below the $4.27 billion revenue expectations by 0.87 percent. Shares were up 6.7 percent at $40.14 at closing.

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