Month-to-date +9%

Premarket -6%

15% EBIT miss

Margins below expectations with high headcount addition of +12,700 (+24% y/y)

Google said headcount growth would be half of what Q3 was but it’s not enough to offset decelerating revenues

Continued tough comps in Search and YouTube

Search proved resilient +4% but YouTube missed, down 2% y/y (FX was a factor)

Google Cloud beat at +38% y/y

Repurchased $15 billion

Consensus estimates coming down in the next few days

Month-to-date +7%

Premarket -6%

Posted its weakest quarterly sales growth in 5 years (FX was a big factor).

Azure down two consecutive quarters, growth +42% vs. guide at 43%

Azure guide below expectations, cautious on new deal among SMB (small and medium businesses)

Expected headwinds on FX, weak PC/Windows and weak Advertising spend

Commercial booking slowed to +16%

Office 365 grew 17%, inline

Server Products up 4%

Windows fell 15% y/y on weak PC demand

CEO: Weak economy impacting PCs, Ad spend and LinkedIn

Month-to-date +5%

Premarket          -5%

Guide: Auto is strong but personal electronics and industrial weaker into Q4

Guided down 12% q/q at the midpoint, $4.6 billion vs. street at $4.9 billion (management is usually conservative on its guide)

Question on the call: will auto market roll over? Yes, we’re just not sure when”

Free cash flow $1.98 billion, paid $1 billion in dividends and $$1 billion in buybacks

Month-to-date +9%

Premarket +2%

Q4/2022 EPS $1.93 vs. street $1.86

Beat driven by higher revenues offsetting higher incentives

Total U.S. payment volume remained flat so far in October vs. September

Cross-border volumes in October to date reached nearly 120% of 2019 levels

Guide for high single digit growth in fiscal 2023

In the quarter, repurchased 10.8 million shares for $2.1 billion

The Board authorized a new $12 billion buyback

No 2023 guidance but street at 10% net revenue growth

CEO spoke to a 'high risk' of global recession.

“The reality is we do know that there are some changes in consumer behavior going on but they're still spending the same amount of money and they are still paying in the same way, which are critical to us.'

Spotify -5% (NYSE:SPOT), gross margins missed

Chubb (NYSE:CB)

Thermo Fisher (NYSE:TMO)

Bristol-Myers Squibb (NYSE:BMY)

Automatic Data Processing (NASDAQ:ADP)

Boeing (NYSE:BA)

Waste Management (NYSE:WM)

General Dynamics (NYSE:GD)

Boston Scientific (NYSE:BSX)

Roper (NYSE:ROP)

Hilton (NYSE:HLT)

Chipotle (NYSE:CMG)

Meta (NASDAQ:META) 5 p.m. call, 14% implied move

ServiceNow (NYSE:NOW) 5 p.m. call, 8% implied move

Check Point (NASDAQ:CHKP) 8:30 a.m. call, 5% implied move

Shopify (NYSE:SHOP) 8:30 a.m. call, 9% implied move

Mastercard marches deeper into crypto

Partnering to launch crypto-linked payment cards in Middle East and North Africa (MENA)

Expected launch early 2023

Mastercard already has several similar partnerships

• Nexo, Bitkub, Coinjar, Amber Group