B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.

Call summary: Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: They guided for about $3.09 billion in revenue next quarter, above consensus. They expect mid- to high-single-digit growth in industrial and automotive, with communications up low- to mid-teens. Management sees capacity to support up to $20 billion revenue by 2030 and continues building both internal and external manufacturing.

Call summary: Analog delivered record $3.62 billion in revenue, up 37 percent year over year and beating expectations. Industrial segment led the way up 56 percent, while data center surged 90 percent. The company is investing in AI, automation, energy systems, and healthcare, and just announced the acquisition of Empower Semiconductor to fill gaps in power-delivery technology for data centers. Management said demand is strong across all markets and they have ample capacity and supply-chain resilience to keep growing.

+ EPS beat estimates by 5.3%; Revenue beat estimates by 2.1%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: ADM raised full year earnings guidance to $4.15 to $4.70 per share from $3.60 to $4.25. The company expects continued strength in ethanol margins, normalization of soybean purchases from China, and sustained nutrition growth. About $275 million in negative mark-to-market impacts from Q1 are expected to reverse mostly in Q2, with the remainder in the second half.

Call summary: ADM delivered a strong first quarter with adjusted earnings per share of $0.71, beating the $0.66 consensus. Revenue was $20.49 billion versus $20.42 billion consensus. Crushing and ethanol businesses benefited from a constructive commodity environment following EPA finalization of renewable volume obligations in late March. The company's Ag Services segment grew 26 percent year over year on higher exports, while Nutrition operating profit surged 42 percent driven by flavor sales and recovery of the Decatur East plant. Management is confident about continued momentum across all three segments through the balance of 2026.

+ EPS beat estimates by 6.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Assurant raised its 2026 outlook and now expects Global Lifestyle earnings to grow about 10 percent for the full year. The company also increased share repurchase plans to $300 million to $350 million. Management expects Global Housing earnings to decline only modestly when excluding catastrophes and prior year reserve adjustments.

Call summary: Assurant delivered its strongest quarter in company history, with Global Lifestyle earnings jumping 20 percent and Connected Living up 18 percent. The company added 4 million mobile device subscribers during the quarter, bringing total devices protected to nearly 69 million globally. Management highlighted successful partnerships with T-Mobile, Xfinity, and Verizon, plus expansion of reverse logistics services that processed 7.5 million devices in the quarter.

+ EPS beat estimates by 11.3%; Revenue beat estimates by 2.9%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: AMETEK raised full year earnings to $7.94 to $8.14 per share, up 7 to 10 percent from last year. Second quarter expected at $1.96 to $2 per share. Sales forecast for 2026 remains high single digit growth with mid-single digit organic growth, reflecting strong orders momentum into the year.

Call summary: The company reported first quarter revenue of $1.93 billion, up 11 percent, with earnings per share of $1.97, beating guidance of $1.85 to $1.90. Orders jumped 23 percent to a record $2.2 billion, with backlog reaching $3.87 billion. Core operating margins expanded 160 basis points to 27.9 percent, driven by EMG margin growth of 410 basis points and strong execution across all divisions. The company acquired First Aviation Services for defense aftermarket expansion and has $5 billion plus in available capital for M&A while maintaining investment-grade rating.

+ EPS beat estimates by 2.5%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Amazon expects second quarter sales between $194 billion and $199 billion, up from first quarter's $181.5 billion. Operating income should reach $20 billion to $24 billion as the company invests heavily in artificial intelligence and new satellites for the Amazon LEO business.

Call summary: Amazon had a strong first quarter with $181.5 billion in revenue and record 13.1 percent operating margin. Cloud computing services grew 28 percent year over year, the fastest pace in 15 quarters, driven by artificial intelligence demand. The company is investing tens of billions in data centers and chips, expecting these upfront costs to deliver strong returns in future years as customers pay for the capacity.

− EPS missed estimates by 3.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Casey's raised its full-year EBITDA growth outlook to 15 to 17 percent, up from prior expectations. Inside same-store sales are now guided to grow 3 to 4 percent, with inside margins expected to be 41 to 42 percent. The company also expects the tax rate to be 24 to 25 percent.

Call summary: Casey's delivered a strong second quarter with revenue of $4.57 billion, up 14 percent year over year, driven by inside sales growth and fuel gallons. The company gained market share in fuel despite a regional decline of 2 percent, benefiting from strong prepared food sales, particularly whole pies and breakfast items. Inside margins improved 20 basis points to 42.4 percent, with prepared food margins of 58.6 percent. Management credited consistent execution, a strong guest value proposition, and improved cost management including lower cheese costs. Traffic increased 1.5 percent, and the company is on track with Cefco integration, planning store conversions to start in the new calendar year.

+ EPS beat estimates by 30.0%; Revenue beat estimates by 4.2%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Citizens reaffirmed its full year guidance. The company expects net interest income to grow three to four percent in the second quarter and projects net interest margin to reach three point twenty-two to three point twenty-eight percent by year-end. Management also raised its target return on equity from the mid-teens to sixteen to eighteen percent by end of 2027.

Call summary: Citizens delivered strong first quarter results with earnings per share of one dollar and thirteen cents, beating expectations. The bank grew net interest margin to three point fourteen percent driven by loan growth and improved deposit costs. Management highlighted record capital markets fees, private bank deposits at sixteen point six billion dollars, and progress on the Reimagine the Bank program which is expected to deliver one hundred million dollars in pretax benefits this year.

+ EPS beat estimates by 2.8%; Revenue beat estimates by 38.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Ciena raised its full year 2026 revenue guidance to $6.3 billion, up 32 percent year over year. For next quarter, they expect about $1.625 billion in revenue. The company plans to continue investing in supply chain capacity and R and D to support strong AI-driven demand from hyperscalers and service providers.

Call summary: Ciena delivered a strong quarter with $1.57 billion in revenue, up 40 percent year over year, and adjusted earnings of $1.64 per share. The company announced its first multirail Hyper-Rail system order from a leading hyperscaler and is seeing broad adoption across cloud and service provider customers. With a $7.7 billion backlog and expanding gross margins to 44.9 percent, management expects sustained growth through 2027 driven by AI infrastructure buildout.

+ EPS beat estimates by 10.1%; Revenue beat estimates by 2.3%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Delta expects second quarter revenue to grow in the low teens, flat capacity versus last year. They plan an operating margin of six to eight percent and earnings of one dollar to one dollar fifty per share. Jet fuel prices are expected to average four dollars thirty per gallon, double last year's cost.

Call summary: Delta delivered strong March quarter results with 15.9 billion dollars in revenue and 64 cents in earnings per share, beating expectations. Demand remains strong across corporate and leisure travel. However, jet fuel prices nearly doubled from earlier in the year, adding more than two billion dollars in fuel costs for the second quarter. The airline is reducing capacity in unprofitable flying and working to recapture forty to fifty percent of fuel price increases through higher ticket prices and fees.

+ EPS beat estimates by 10.7%; Revenue beat estimates by 12.0%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management expects revenue between $355 million and $365 million in the next quarter, up 15 to 18 percent sequentially. They expect non-GAAP earnings per share between $0.68 and $0.70, with gross margin around 73 percent before a one-time customer agreement charge. The Scorpio product line is expected to become their largest business by year end.

Call summary: Astera Labs delivered strong Q1 results with revenue of $308 million, up 93 percent year over year, driven by broad growth across signal conditioning and fabric switch products. PCIe Gen 6 products contributed over one third of total revenue. The company shipped initial production volumes of the new Scorpio X 320-lane switch and is expanding optical capabilities through the XScale acquisition, with near-package optics expected to ship in 2027 and chiplet-package optics in 2028.

+ EPS beat estimates by 11.6%; Revenue beat estimates by 3.5%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: AMD guided next quarter revenue to about $11.2 billion, up 46 percent year over year. Management raised full year data center CPU growth forecast to over 70 percent, driven by strong Agentic AI demand. They also raised the long-term server CPU market size forecast to over $120 billion by 2030, from $60 billion announced in November.

Call summary: AMD reported outstanding first quarter results with $10.3 billion in revenue, up 38 percent year over year. Data center revenue surged 57 percent driven by strong demand for EPYC server CPUs and Instinct GPUs. Management emphasized that Agentic AI and inference workloads are driving substantially higher CPU demand than expected, requiring more compute than prior models. Free cash flow nearly tripled to $2.6 billion, and operating margin expanded to 25 percent, showing strong operational leverage as the business scales into AI infrastructure.

+ EPS beat estimates by 4.8%; Revenue beat estimates by 2.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Best Buy kept its full year sales guidance of 41.1 billion to 41.9 billion dollars and earnings per share of 6.15 to 6.30 dollars. Management said they expect to hit the higher end of their sales range. They also expect gaming and computing to keep growing in the back half, with new phone launches and Windows 11 upgrades helping momentum.

Call summary: Best Buy delivered 9.4 billion dollars in second quarter sales, up 1.6 percent, driven by strong Switch 2 launch, six straight quarters of computing growth hitting highest laptop volumes in 15 years, and gaming momentum. They launched their marketplace offering six times more products online and are expanding vendor partnerships, including a new one with IKEA for kitchen and appliance displays. Cost pressures from tariffs remained manageable at below the effective tariff rate due to supply chain mitigation.

+ EPS beat estimates by 3.3%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Biogen reaffirmed its full-year guidance, confident in underlying business strength. The company expects to close the Apellis acquisition in the second quarter and will provide combined guidance after close. Management noted about 600 million dollars of contract manufacturing revenue expected this year, roughly two-thirds in the first half. They anticipate the acquisition will be accretive to earnings per share in 2027.

Call summary: Biogen had a very strong first quarter with growth products generating 851 million dollars, up 12 percent year-over-year. LEQEMBI sales surged 74 percent to 168 million dollars, benefiting from expansion in the U.S., Japan, and China. The company highlighted real-world evidence showing nearly 80 percent of LEQEMBI patients remain on therapy at 18 months, supporting the durability of treatment. High-dose SPINRAZA launched successfully with 20 percent of U.S. patients already switching, and the company is preparing for multiple pipeline readouts starting this year, including data on tau-targeting drug BIIB080 and lupus candidate Litifilimab.

+ EPS beat estimates by 26.3%; Revenue beat estimates by 7.7%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: BlackRock did not provide new forward guidance in this call. Management reaffirmed its 2030 plan to deliver organic base fee growth of five percent or higher through a diversified public and private markets platform. They expect to continue targeting an adjusted operating margin of forty-five percent or greater, with recurring fee-related earnings margins trending toward fifty percent as private markets scale.

Call summary: BlackRock opened 2026 with one of its best quarters ever, generating one hundred thirty billion dollars in net inflows and eight percent organic base fee growth. Revenue jumped twenty-seven percent to six point seven billion dollars, driven by strong market performance, organic growth across ETFs and private markets, and the impact of acquisitions like HPS and Preqin. Management highlighted accelerating momentum in iShares, record Aperio flows of thirteen billion dollars, and strong institutional demand for private credit despite retail weakness. Larry Fink emphasized that clients are consolidating relationships with fewer managers and choosing BlackRock for its integrated public and private markets platform at global scale.

+ EPS beat estimates by 7.5%; Revenue beat estimates by 3.7%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management did not provide specific forward guidance for full year or next quarter. They stated expectations for continued broadband ARPU pressure in the second quarter but relief as the year exits. Peacock is expected to approach profitability in the second quarter. Free wireless lines will begin monetizing in the second half of the year, which should benefit convergence revenue growth.

Call summary: Comcast reported first quarter revenue of $31.5 billion, up 11 percent year over year, beating consensus by $120 million. The company delivered earnings per share of $0.79, beating consensus of $0.73 by $0.06. Broadband customer losses improved significantly to 65,000 from 182,000 a year ago, marking the first improvement since late 2020. Wireless achieved record net additions of 435,000 lines, with nearly half coming from free line offers. Leadership highlighted strategic momentum from their restructured go-to-market approach, leveraging the Legendary February sports events to drive brand awareness and customer acquisition across connectivity products.

+ EPS beat estimates by 5.1%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management raised full year adjusted earnings guidance to at least $26.75 per share. They expect 2027 earnings to grow at least 12 percent from a revised 2026 baseline of $25.75. The company is confident in this outlook based on improving cost trend management and better than expected first quarter performance.

Call summary: Elevance Health delivered stronger than expected first quarter results with earnings per share of $12.58 beating the $10.68 consensus. Revenue came in at $50.2 billion, above the $48.7 billion expected. The company is executing on cost management initiatives in Medicaid and Medicare, with favorable claims experience and improved performance from AI and care delivery programs through Carelon. Management highlighted strong commercial selling momentum for 2027 with record pipelines and employer focus on affordability.

+ EPS beat estimates by 15.1%; Revenue beat estimates by 3.1%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: CBRE raised its full-year profit forecast to $7.60 to $7.80 per share, up from $7.30 to $7.60 earlier. The company expects strong growth in data center and infrastructure work, and pipeline momentum remains solid in the second quarter.

Call summary: The first quarter beat expectations across the board. Data center leasing revenue more than tripled and infrastructure-related businesses generated $950 million in revenue, up from $3 billion last year. Management says corporate clients are still leasing office and warehouse space at full term lengths, and they see good opportunities ahead even as they watch macro uncertainty and track AI's impact on hiring needs.

+ EPS beat estimates by 39.8%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: The company reaffirmed its full year forecast for 3 to 4 percent organic sales growth and 5 to 8 percent adjusted earnings growth. Management expects about 25 to 30 million dollars in extra inflation costs from Middle East turmoil but plans to offset that with productivity gains and no price increases.

Call summary: Church and Dwight delivered a strong first quarter with 5 percent organic sales growth, beating the 3 percent outlook. The company cited volume gains across its main brands including ARM and HAMMER laundry, TheraBreath mouthwash, and Hero acne patch products. Management said it won the most distribution points in consumer packaged goods and expects new product launches to drive half of full year organic growth.

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Datadog raised full year revenue guidance to $4.3 billion to $4.34 billion, up from prior expectations. For next quarter they expect $1.07 billion to $1.08 billion in revenue. They are investing heavily in artificial intelligence products and expect continued strong growth driven by cloud migration and new AI training workloads at hyperscaler companies.

Call summary: Datadog had an outstanding quarter with revenue of $1.006 billion, up 32 percent year over year and beating expectations. The company landed major deals with two of the world's largest artificial intelligence research teams and saw strong growth in non-artificial-intelligence customers as well, with net revenue retention around 120 percent. Management highlighted strong adoption of their artificial intelligence products like GPU monitoring and their security agents, which are helping customers monitor complex workloads faster and more efficiently.

+ EPS beat estimates by 15.9%; Revenue beat estimates by 2.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: AEP reaffirmed full year 2026 earnings guidance of $6.15 to $6.45 per share. The company raised its 5-year capital plan to $78 billion from $72 billion, expecting 11 percent rate base growth annually. Long-term earnings growth is now expected to exceed 9 percent per year through 2030, up from 7 to 9 percent.

Call summary: AEP delivered strong first quarter earnings of $1.64 per share, beating consensus of $1.55, driven by positive regulatory outcomes and higher load growth. The company secured 7 additional gigawatts of contracted load in the quarter, bringing total contracted load to 63 gigawatts by 2030, mostly from data centers and industrial customers in Texas, Ohio, Indiana and Oklahoma. Management highlighted concerns about PJM's interconnection speed and is evaluating alternatives to ensure faster load connection, while also noting that customers value AEP's transmission expertise and ability to deliver on aggressive timelines.

+ EPS beat estimates by 3.5%; Revenue beat estimates by 4.9%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management reaffirmed full year revenue growth of 3 percent to 4 percent and clear aligner volume growth in mid-single digits. They expect Q2 revenue of $1.040 billion to $1.060 billion, up 3 percent to 5 percent year-over-year, with clear aligner volumes up both sequentially and year-over-year.

Call summary: Align reported $1.041 billion in Q1 revenue, up 6.2 percent, with record clear aligner shipments of 686,000 cases. Growth was driven by strong international performance, particularly in EMEA and APAC with double-digit volume increases, while North America remained stable. Management attributed near-term caution to Middle East conflict uncertainty and ongoing macro headwinds affecting consumer demand, but emphasized long-term confidence in digital orthodontics and restorative dentistry expansion through new products like the Invisalign palate expander and treatment planning services.

+ EPS beat estimates by 11.0%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.

Call summary: Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.

+ EPS beat estimates by 8.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Carrier reaffirmed its full year sales target of about 22 billion dollars with flat to low single-digit growth. They expect to offset new tariff and input cost pressures through supply chain actions, cost cuts, and about 2 percent more pricing through the year. Data center sales are on track for 1.5 billion dollars.

Call summary: Carrier delivered a strong first quarter with 5.3 billion in sales and 0.57 earnings per share, beating expectations. Orders surged 11 percent overall with commercial up 35 percent and data center orders up more than 500 percent. The team expects data center sales this year to hit 1.5 billion dollars, with their backlog already covering that target. Residential improved better than expected with dealer inventory down 35 percent and healthy field levels, though macro uncertainty with high mortgage rates and fuel prices remains a concern. They are pushing pricing to offset tariff and input cost pressures and remain confident in delivering their sixth consecutive year of double-digit aftermarket growth.

+ EPS beat estimates by 9.8%; Revenue beat estimates by 4.6%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management expects all-time record retail units sold and adjusted EBITDA in the second quarter. The company still targets 13.5 percent adjusted EBITDA margin by 2030 to 2035 while selling 3 million cars per year. Full year 2026 growth expected to be significant on both metrics.

Call summary: Carvana sold a record 187,000 cars in the quarter, up 40 percent year over year, and generated $6.43 billion in revenue, up 52 percent. The recon team fixed labor efficiency issues by building new tools and centralizing planning. The company sees the wholesale-to-retail price spread as temporary and expects it to normalize over the next few months.

+ EPS beat estimates by 12.0%; Revenue beat estimates by 3.8%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Belite provided no forward revenue or earnings guidance. The company said it expects to complete its FDA application by mid-2026 and aims for approval in early 2027. Management stated it will present detailed market and commercial estimates at a September investor day.

Call summary: Belite reported a net loss of $26.9 million in the first quarter as it ramped hiring and clinical development. The company completed enrollment of 73 adolescent patients in its Japan study and initiated rolling FDA submission for Stargardt disease in April. With $799 million in cash, management said it has ample funding to complete development and prepare for a U.S. commercial launch, planning to spend roughly $300 million on launch and $150 million on other pipeline programs over three years.

− EPS missed estimates by 4.9%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Cummins raised its full year revenue forecast to grow 8 to 11 percent, up from 3 to 8 percent prior. The company expects power generation revenue to jump 15 to 25 percent, driven by strong data center demand globally. North America truck production is forecast at 230,000 to 250,000 units for heavy-duty and 125,000 to 135,000 units for medium-duty, higher than previous expectations.

Call summary: The quarter delivered $8.4 billion in revenue, up 3 percent year over year, with power generation strong but North America trucks still weak at the start. Management highlighted a major hybrid mining truck deployment in Chile and progress on new 2027 engines. They sold the low-pressure fuel cell business to Alstom, cutting future losses in the Accelera division. The strong finish to the quarter and improving orders lead management to expect the year to be much better, with better momentum in trucks and accelerating data center buildouts globally.

+ EPS beat estimates by 9.0%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management expects second quarter revenue between $4.0 billion and $4.2 billion. For the full year, they now expect to realize $200 million in cost synergies, up from $100 million expected earlier, with $130 million hitting the profit statement and $70 million as lower capital spending.

Call summary: Compass reported $2.7 billion in first quarter revenue, beating guidance and posting $61 million in adjusted EBITDA. The company closed the Anywhere acquisition in early January and has already actioned over $250 million in cost cuts, raising full-year targets from $400 million to $500 million over three years. Brokerage gross transaction value grew 7.3 percent year over year while the overall housing market grew just 1.5 percent, showing the combined company outperformed the market for 20 straight quarters.

+ EPS beat estimates by 118.4%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Deere maintained its full year net income guidance between $4.5 billion and $5 billion. The company raised Construction and Forestry sales outlook to up about 20 percent, but kept Large Ag flat around the bottom of the cycle. They expect the back half of the year to be stronger than the first half, with better price and cost comparisons.

Call summary: Deere reported 13.4 billion dollars in revenue, up 5 percent year over year, beating consensus by 1.5 billion dollars. Equipment margins reached 16.9 percent, helped by a 272 million dollar tariff refund. Construction and Forestry surged 29 percent with an order book up more than 60 percent, while Large Ag remains weak with a 14 percent sales decline. Management said tariff exposure stays around 900 million dollars net for the year, and they are managing through by cutting costs and finding new sourcing, not raising prices to customers.

+ EPS beat estimates by 11.5%; Revenue beat estimates by 12.5%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: Management raised full-year guidance to revenue of $11.78 billion to $11.9 billion, up 6.8 to 7.8 percent year over year. Adjusted EPS is now expected to be $10.63 to $10.83, reflecting confidence from strong first quarter momentum across all business channels.

Call summary: Quest had a strong first quarter with $2.9 billion in revenue, up 9.2 percent, driven by organic growth across physician, hospital, and consumer channels. Adjusted EPS grew 13 percent to $2.50. Management highlighted double-digit growth in advanced diagnostics like Alzheimer's blood tests and cardiac biomarkers, plus successful partnerships with Corewell Health and Fresenius Medical Care that contributed about 7 percentage points to volume growth.

+ EPS beat estimates by 5.5%

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: The company raised its full year guidance to eight dollars and ten cents per share, up from eight dollars, reflecting nine percent growth. They expect four to five percent same building cash profit growth and plan to spend three point five to four billion on new capacity.

Call summary: Digital Realty had a record start to 2026 with the strongest leasing quarter ever, including a 200 megawatt deal with a top-rated hyperscaler. They signed nearly 100 million dollars in sub-one-megawatt deals, which was a quarterly record, and their total development pipeline jumped to sixteen and a half billion dollars. The company lowered debt to 4.7 times earnings while scaling its footprint with new markets in Bulgaria, Malaysia, and Italy.

B- Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Guidance: eBay raised its full-year outlook for GMV growth to between 7 percent and 7.5 percent and lifted operating income growth guidance to 9 percent to 11 percent, up from prior expectations. For the second quarter, the company expects GMV between $21.3 billion and $21.7 billion and revenue between $2.97 billion and $3.03 billion, with earnings per share between $1.46 and $1.51.

Call summary: eBay delivered a strong first quarter with $22.2 billion in GMV, up 14 percent year over year, and revenue of $3.09 billion, up 17 percent. The company saw broad-based strength across all major categories, with focus categories growing 24 percent, and strategic priorities now representing 70 percent of total GMV. Management highlighted momentum in collectibles, motors, fashion, and consumer-to-consumer sales, along with rapid scaling of eBay Live and AI-powered tools like Magical Listing, which has generated 500 million listings.

+ EPS beat estimates by 3.1%