Revenue for the second quarter came in at US$13.5 billion, nearly US$2 billion above the analyst consensus estimate (which un-coincidentally was almost exactly in-line with the guidance of US$11 billion provided last quarter) and a staggering 101.5% above the prior year’s results.
US stock markets continued a strong start to the post-Easter week with quarterly earnings season dominating investment flows.
US stock markets posted a strong finish to the week as Johnson & Johnson (NYSE:JNJ) revealed plans to split its business into two.
US stock markets continue to overcome the October curse, rallying again overnight as companies continue to beat elevated expectations.
US markets staged a late rally behind the traditional cyclical sectors, with financials, energy and mining companies leading the charge.
Both the Nasdaq and S&P 500 hit record highs overnight, adding 1.1% and 0.3% respectively, as bond yields continued to fall.
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