Earnings on Parade: Big Interviews With the CEOs of Boeing, AMD, Starbucks and Spotify – Plus Market Reaction to Microsoft and Alphabet’s Quarterly Results
On a day in which more than 40 S&P 500 companies are reporting quarterly results, Carl Quintanilla, Jim Cramer and David Faber led off a huge show with reaction to a barrage of earnings reports including those out of big tech: Shares of Google parent Alphabet surge after the company posted its most profitable quarter ever, while Microsoft shares fall despite better-than-expected quarterly results and guidance – the company booking its biggest revenue growth since 2018. The anchors and Phil LeBeau interviewed Boeing CEO Dave Calhoun about the company’s sixth-consecutive quarterly loss and why he feels the jet maker has turned the corner as domestic markets rebound. AMD CEO Lisa Su joined the program to discuss her company’s better-than-expected results and how it is navigating the global chip shortage. The anchors also interviewed Starbucks CEO Kevin Johnson about his company’s results and strategy to grow sales amid a ramp-up in COVID vaccinations. We end the hour with Spotify CEO Daniel Ek: The music streaming service’s guidance taking a toll on the stock. You’ll want to hear what he has to say about his bid to acquire legendary UK soccer team Arsenal.
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