Thursday Wrap-up

Pharmaceuticals giant Bristol-Myers Squibb (NYSE: BMY) earned $1.46 per share in Q2, forty cents better than expected. Revenue beat estimates by nearly $1 billion — $12.3 billion. Rounding out the good news, Bristol-Myers said it will earn between $6.35 and $6.65 this year, the entire range of which was above analyst forecastss for $6.32.

All to no avail. Bristol-Myers stock is down 4.2% so far today. And the gain on the Vanguard S&P 500 ETF has shrunk to 0.4%.

Roblox (Nasdaq: RBLX) — not an S&P 500 component — is up a big 14% this morning despite reporting worse than expected “earnings.” Actually, a loss of $0.41 per share. Bookings, however, came in at $1.4 billion, nearly $200 million ahead of expectations, foreshadowing stronger revenue and profits in quarters to come.

Management further forecast bookings of about $1.6 billion in Q3, and $5.9 billion or even $6 billion for the year.

In further S&P 500 component earnings news, MasterCard (NYSE: MA) reported this morning that Q2 earnings were a dozen cents more than analysts forecast — $4.15 per share. Revenue topped expectations by $200 million — $8.1 billion.

MasterCard stock is up 2.7%, and the Voo has retreated only a bit, still up 0.8%.