This Week in Earnings: From Beats to Beatings 📈📉

May 11, 2025
Sam Gatlin

Last week was packed with earnings events.

We heard from some of the biggest names in the market - including several Magnificent 7 giants, the world’s largest financial company (Berkshire Hathaway $BRK.A / $BRK.B), and plenty more.

There were some sweet earnings reactions. 

And some pretty terrible ones, too...

Here's what we talked about last week:

  • Monday:
    • Amazon.com $AMZN reported a double beat, but was punished for it. This was the 4th consecutive quarter of the market not rewarding the stock for its earnings report.
    • Apple $AAPL was also punished for reporting a double beat. The stock has experienced negative earnings reactions in 6 of the last 8 quarters.
  • Tuesday:
    • Berkshire Hathaway $BRK.A / $BRK.B reported a double miss and fell over 5%. This was the stock's worst earnings reaction since 2011.
    • Zimmer Biomet $ZBH reported a double beat, but fell over 11%. This was the stock's worst earnings reaction since 2016. Additionally, the stock looks poised to resolve a multi-decade distribution pattern.
  • Wednesday:
    • Constellation Energy $CEG reported mixed results and had its 2nd-best earnings reaction ever.
    • Palantir $PLTR reported a double beat, but fell over 12%. This was the stock's worst earnings reaction in a year.
  • Thursday:
    • Charles River Laboratories $CRL reported a double beat and had its best earnings reaction ever.
    • Uber $UBER reported mixed results and had its 3rd consecutive negative earnings reaction.
  • Friday:
    • Corteva $CTVA reported mixed results, but rallied 7% for its best earnings reaction in 5 quarters.
    • Occidental Petroleum $OXY reported mixed results, but rallied over 6% for its best earnings reaction since 2011.

Here's what we're watching next week:

EARNINGS CALENDAR (May 12-16)

On Monday, we'll hear from the quantum computing leader, Rigetti $RGTI.

Later in the week, we'll hear from Sea Ltd. $SE, Nu Holdings $NU, Walmart $WMT, and much more.

There will be a lot to unpack here at The Beat Report.

We're most looking forward to the Tencent Music Entertainment Group $TME earnings report, and here's why:

TME Chart (05.11.2025)

Tencent Music has been one of the best-performing Chinese stocks in recent years. It has rallied over 400% since bottoming in 2022.

We like to call it the "Spotify of China." This is pretty good company to be in, considering Spotify $SPOT closed at a fresh all-time high last week.

Over the last year, the price has been churning sideways below a key Fibonacci retracement level. We think this earnings event could be the catalyst to spark a fresh leg higher.

We want to get long TME if it makes a gap-n-go on the heels of its earnings report.

Thank you for reading.

- The Beat Report Team 

PS: While most traders froze during the rotation, Steve got aggressive — and it paid off fast. He just shared every detail of his approach and the new trade ideas that are currently setting up. Watch the replay and get the next one.

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