Microsoft and Meta, Eli Lilly, US GDP in Q3: 3 Things

October 30, 2024

Google-parent Alphabet (GOOG, GOOGL) and chip giant Advanced Micro Devices (AMD) both reported their respective earnings results after Tuesday’s market close. The Big Tech earnings train continues with Magnificent Seven members Microsoft (MSFT) and Meta Platforms (META) to come out with results after the bell today. Eli Lilly (LLY) shares tumble in pre-market trading after missing third quarter earnings estimates and cutting its guidance as sales of GLP-1 weight-loss drugs fall short of Wall Street expectations. Initial readings on US GDP (gross domestic product) see expansions of 2.8% in the third quarter, just shy of economist estimates for a 2.9% quarter-over-quarter rise. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

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