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Markets Brace for Key Earnings as GDP Contraction Raises Economic Concerns

Investors await results from Caterpillar, Microsoft, and Meta after mixed corporate performance and a surprise GDP decline.

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Overview

  • The U.S. economy contracted by 0.3% in the first quarter, missing forecasts for 0.1% growth and raising concerns about slowing economic momentum.
  • Caterpillar is expected to report $4.35 EPS on $14.66 billion in revenue before the market opens, with analysts watching for tariff-related impacts on its outlook.
  • Microsoft and Meta Platforms will release earnings after the market closes, with analysts projecting $3.22 EPS for Microsoft and $5.28 EPS for Meta.
  • Starbucks reported weaker-than-expected second-quarter results, with a 6.4% drop in after-hours trading as same-store sales fell for the fifth consecutive quarter.
  • Seagate Technology posted disappointing third-quarter results but issued improved fourth-quarter guidance, leading to an 8.9% rise in after-hours trading.