Squawk on the Street
Meta Surges, Earnings Barrage, Southwest and ServiceNow CEOs, GDP Growth Slows in Q1 4/27/23
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Show notes
On the busiest day of this earnings season, Carl Quintanilla, Jim Cramer and David Faber discussed the quarterly reports driving the markets higher, despite GDP data showing economic growth slowed sharply in Q1 to an annualized rate of 1.1%.The anchors delved into a wide-ranging discussion about Meta. The stock surged after Facebook's parent posted better-than expected quarterly results and issued upbeat revenue guidance for Q2. Carl, Jim and David also reacted to earnings call comments from Meta CEO Mark Zuckerberg. Caterpillar, Honeywell and Eli Lilly were among the other names in the earnings spotlight. Southwest Airlines CEO Bob Jordan and ServiceNow CEO Bill McDermott joined the program to discuss their companies' respective quarterly results.
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