Earnings Unscripted: Stock Earnings Calls & Analysis

Susie and Miro unpack a quarter that looks like a disaster on paper but traded like a victory. Why did the stock rally despite EPS plunging 38% and operating income taking a massive hit? PM is aggressively rebranding its financials, scrapping geographic reporting to force Wall Street to value it as a tech-nicotine company rather than a legacy cigarette maker. We discuss if this "valuation hack...

Despite a government shutdown, seasonal winter slumps, and the chaos of merging with Hawaiian Airlines, Alaska Air Group just pulled off a massive earnings beat ($0.43 vs ~$0.10 expected). In this episode of Earnings Unscripted, Susie and Miro dig into how Alaska managed to turn a messy quarter into a profitable one. ✈️ We break down the surge in premium cabin revenue (up 7%) and the surprising co...

Barrick Gold just posted a dream quarter on paper: revenue is up 45% to $6B, gold prices are clearing $4,100/oz, and cash is pouring in. So why did the stock sell off? 📉 Susie and Miro break down the massive strategic pivot that caught the market off guard: management effectively killed the share buyback program to bet the house on dividends. We dig into the messy details hiding behind the shiny...

Roblox just delivered a quarter of massive contradictions. On paper, the money looks great-Bookings surged 16% to over $2.2 billion. But for the first time in recent memory, the playground is shrinking: Daily Active Users and Hours Engaged both took a sharp tumble. In this episode, Susie and Miro unpack the "gentrification" of Roblox. Management is explicitly trading volume for value, usin...

On paper, Amazon just delivered a monster holiday quarter. Revenue hit a record $213.4 billion, Operating Income is up 44%, and AWS growth is accelerating faster than it has in three years. So, why did the stock cliff-dive 10% immediately after the bell? On this episode of *Earnings Unscripted* , Susie and Miro unpack the massive bill that just arrived for Amazon's AI ambitions. 📉 We dig into...

You would be forgiven for panicking after seeing "Net Loss: 1 Trillion Yen" on Sony’s earnings print. But before you sell, tune in. In this episode of Earnings Unscripted, Susie and Miro dissect why that terrifying headline is actually a massive accounting illusion caused by the Financial Services spin-off, and why the underlying business actually hit record operating profits. We dig into...

Linde (LIN) is supposed to be the most boring, reliable stock in your portfolio-the ultimate inflation hedge. But this quarter, the industrial giant got a little "sharp-elbowed." Susie and Miro unpack a confusing report where the headlines scream stability, but the fine print reveals a $229 million restructuring charge and a management team that is aggressively trimming fat to survive a ma...

For years, investors feared the "Humira Cliff"—the moment AbbVie’s top-selling drug lost patent protection. Well, Q4 2025 is in, and it looks like the cliff is officially cancelled. In this episode, Susie and Miro unpack how Skyrizi has completely taken the baton, smashing through the $5 billion quarterly revenue mark and proving the replacement strategy is not just working-it’s accelerati...

If you glanced at the headlines this morning, you probably saw that Uber’s Net Income crashed 95% quarter-over-quarter. It looks terrifying, but don’t panic-Miro and Susie break down why this is mostly accounting noise from a massive Q3 tax benefit and some equity portfolio volatility. The real operating business? It’s humming, with operating income up 59%. In this episode, we dig into the stat th...

In this episode, Susie and Miro dissect a truly bipolar quarter for Yum! Brands. On the surface, the earnings beat looks healthy, but under the hood, it is a tale of two very different companies living under one roof. Taco Bell is firing on all cylinders with 7% growth and margins so "obscene" that corporate is draining its cash pile to buy the restaurants back. Meanwhile, Pizza Hut is shr...

Google just dropped a bombshell, and it comes with a $180 billion price tag. In this episode, Susie and Miro unpack Alphabet’s Q4 2025 numbers, where a "tremendous" revenue beat and a massive surge in Cloud profitability were overshadowed by one eye-watering piece of guidance: a plan to nearly double CapEx in 2026. 🏗️ We dig into the paradox of a CEO who admits the company is "supply c...

On paper, PayPal beat earnings estimates. In reality, the stock just suffered a brutal sell-off, closing near session lows. Why the disconnect? In this episode, Susie and Miro peel back the layers of a quarter that felt less like a growth report and more like a warning signal. While the headline EPS number looked strong, we uncover how a massive drop in the effective tax rate masked the reality: t...

AMD just dropped their Q4 2025 numbers, and if you only read the headlines, you might be scratching your head at the sell-off. On paper, it looks like a victory lap-revenue is up 11%, and they beat on the bottom line. But on this episode of Earnings Unscripted, Susie and Miro dig past the bold font to find the "creative" accounting holding the roof up. 🧐 We unpack the schizophrenic nature...

Is the Chipotle growth story finally hitting a wall? On this episode of Earnings Unscripted, Susie and Miro dig into a Q4 report that served up some cold numbers. While the top-line revenue looks stable on the surface, the underlying metrics tell a worrying story: comparable sales have swung negative (-2.5%) and transaction volumes are dropping fast as customers pull back. But the real spice in th...

Disney’s Q1 2026 earnings felt less like a victory lap and more like a rollercoaster ride where the safety bar might be loose. In this episode, Susie and Miro unpack a chaotic quarter where the House of Mouse posted a negative $2.3 billion in free cash flow. We explain why a massive "wildfire tax" bill and a spike in commercial paper borrowing spooked investors, sending the stock tumbling...

In this episode of Earnings Unscripted, Susie and Miro look at Palantir's Q4 2025 results, and frankly, the numbers look like science fiction. With revenue accelerating 70% year-over-year and a "Rule of 40" score hitting a staggering 127%, Palantir isn't just beating estimates; they are rewriting the laws of SaaS economics. But the real story isn't the growth-it's how they...

ExxonMobil just dropped a quarter that looks confusing on the surface: revenue and earnings are down, but production just hit a 40-year high of 5.0 million barrels per day. The stock shrugged off the headline misses to close near the highs. What did the market see that the algorithms missed? 🛢️ In this episode, we unpack how "boring" refining margins saved the quarter while the chemicals d...

Colgate-Palmolive is typically the ultimate "sleep well at night" stock, but Q4 revealed some bizarre cracks in the global economy. While the headline numbers beat expectations and the stock gapped up, the underlying data tells a much more complicated story. Why did US consumers abruptly stop buying dish soap and fabric softener in October and November? 📉 In this episode, we look past the...

On the surface, Mastercard’s Q4 looks like a standard victory lap: a revenue beat, an EPS beat, and a stock chart that recovered from an ugly open to finish green. But under the hood? It’s a messy quarter held together by "accounting efficiency." 📉 In this episode, Susie and Miro dig past the headlines to expose the friction in the machinery. We break down how a timely government grant an...

Visa just posted a double-digit earnings beat with operating margins hitting nearly 62%, yet the stock sold off sharply after hours. Why? 📉 In this episode, Susie and Miro look past the headline numbers to uncover the "messy" engineering holding it all together. From "financial alchemy" that turns litigation reserves into effective share buybacks, to worrying "write-downs"...

Waste Management just promised a massive cash windfall, but the market… shrugged? 📉 On this episode of Earnings Unscripted, Susie and Miro dig into a quarter where revenue dipped, yet profits soared. The headline story is the “Harvest”-after years of heavy spending on RNG plants and automation, WM is finally cutting CapEx and predicting a 30% jump in free cash flow. Plus, the Stericycle turnaroun...

Apple just dropped a monster quarter with $143.8B in revenue, but the real story isn't the cash pile—it's the strategic plot twist. After months of bearish sentiment, Greater China revenue exploded +38%, essentially resurrecting the region and proving the iPhone 17 supercycle is real. However, success has a price: Tim Cook admits the company is in "supply chase mode," with Q2 growt...

Is the "biotech winter" finally over? Thermo Fisher Scientific (TMO) just delivered a quarter that suggests the ice is cracking, posting high single-digit growth in the core pharma sector. In this episode, Susie and Miro unpack a wild earnings day where the stock dropped like a rock on the call only to claw its way back by the close. 📉📈 We dive into the "accounting magic trick" t...

Comcast’s fourth quarter was a messy paradox. Revenue is up and the stock rallied nearly 6% intraday, yet profits tanked 35% and residential broadband losses accelerated to 181,000 customers. In this episode, Susie and Miro unpack the "Versant divorce" and whether the massive shift to "Everyday Pricing" is a brilliant pivot or a painful admission of defeat against fiber competitors...

Is the world’s biggest tractor company actually an AI infrastructure play in disguise? In this episode, Susie and Miro dig into Caterpillar’s chaotic Q4. While headlines scream about a record $19.1 billion in revenue, the real story is hidden in the backlog: a massive $11 billion jump driven by hyperscalers panic-buying power generation for data centers. We break down the massive 2-gigawatt "P...