We track these earnings using our Earnings Tracker template, which pulls in financial disclosures as companies file their latest earnings releases with the Securities and Exchange Commission. The Earnings Tracker provides an up-to-the minute snapshot of financial performance compared to the year-earlier period.

Today is our first look at second-quarter numbers. As of 2:30 pm ET this afternoon, we had data for roughly 110 non-financial companies. The headline numbers are in Figure 1, below.

As you can see, revenue is up 1.56 percent compared to second-quarter 2023, and net income is up a whopping 17 percent. Then again, we have so few companies in our sample size so far, it’s unwise to draw any broad conclusions from this data; come back in a few weeks, when we have hundreds of firms’ reports. 

We also track cost of revenue to get a read on where inflation is going these days, and so far cost of revenue is down 1.8 percent. (We’ll be sure to forward our data to Federal Reserve economists so they can hyperventilate about inflation signals properly.) Capex is up 4.6 percent, inventories down 4.7 percent.

Figure 2, below, shows essentially the same data from above in chart format.

We will continue to update our earnings tracker at the end of every week for the next few weeks, as quarterly reports flood into the database. 

If Calcbench subscribers wish to get their hands on the template we use for this analysis, so you can conduct your own experiments at home, use this link to the file. 

Please note that it will only work with an active Calcbench subscription. If you need an active subscription (and who doesn’t, really, when swift access to real-time data is so important?), contact us at info@calcbench.com.