Earnings Recap - February 02, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$TYSON** - Tyson Foods - Reported Q1 earnings of $1.47 EPS beating estimates by $0.04, with revenues of $13.5 billion surpassing expectations driven by strong chicken demand. **$AON** - Aon plc - Posted a Q4 net profit of $1.55 billion, a 136% increase year-over-year, indicating strong growth in its consulting and risk management services. ### Misses & Negative Reactions **$IDXX** - Idexx Laboratories - Despite reporting strong revenue growth of 12% year-over-year to $1.03 billion, the stock fell after missing earnings expectations due to increased operating expenses and a cautious outlook for the upcoming quarters. **$HESS** - Hess Midstream - Reported Q4 earnings that matched estimates but saw a revenue miss due to lower volumes and pricing pressures, leading to a decline in stock value. ## Reporting Today Companies expected to report earnings today: - **$DIS** - Before market - Key metrics to watch include profits from the parks segment and subscriber growth for Disney+. - **$MU** - After market - Analysts will be looking for updates on demand trends and pricing power in memory chips. ## Earnings Themes Recent reports highlight several emerging themes: - **Revenue Trends**: Many companies are experiencing solid revenue growth driven by strong demand in specific segments, particularly in food and consulting services. - **Margin Pressures**: Despite revenue growth, several companies, like Idexx Laboratories, are facing increased operational costs that are squeezing profit margins. - **Guidance Sentiment**: Overall, guidance appears mixed, with some companies raising forecasts while others, like Idexx, have adopted a more cautious stance due to macroeconomic uncertainties. ## Earnings Trade Ideas 1. **Tyson Foods (TSN)**: With strong demand in the chicken market, investors might consider a bullish position as the company continues to show resilience amid rising costs. 2. **Idexx Laboratories (IDXX)**: Given the recent drop in stock price post-earnings, this could present a buying opportunity for long-term investors focused on the pet healthcare market, especially if the company manages to control costs in future quarters.