We are past the halfway mark of the June quarter reporting season, going by the number of S&P 500 companies that have reported their earnings.

Q2 Reporting Season Thus Far: About 56% of S&P 500 companies have released their financial results, with 73% reporting earnings beats and 66% revenue beats, FactSet said in its weekly Earnings Insight report. The second-quarter blended earnings growth rate for S&P 500 companies is 6%, the lowest since the 4% growth for the fourth quarter of 2020, the firm said.

Among the high-profile beats of the past week were Apple, Inc. (NASDAQ: AAPL) and Amazon, Inc. (NASDAQ: AMZN). On the other hand, Meta Platforms, Inc. (NASDAQ: META) and Intel Corporation (NASDAQ: INTC) turned in disappointing results.

Another Busy Week Ahead: The unfolding week will see earnings releases from 152 S&P 500 companies, including 2 Dow components, Factset said. Notable companies scheduled for the week are:

Caterpillar, Inc. (NYSE: CAT)

Earnings Schedule: Tuesday, before the market open
EPS Estimate: $3.01 Vs. $2.06 a year ago
Revenue Estimate: $14.35 billion Vs. $12.89 billion a year ago

Caterpillar warned in April that the COVID lockdowns in China may hurt its June quarter results due to weak mining demand in the country. Strong performance elsewhere could help offset this negativity

PayPal, Inc. (NASDAQ: PYPL)

Earnings Schedule: Tuesday, before the market open
EPS Estimate: $0.86 Vs. $1.15 a year ago
Revenue Estimate: $6.78 billion Vs. $12.89 billion a year ago

PayPal has seen its shares pull back sharply amid the tech downturn, as its former parent eBay continues to move payment processing away from its platform. The company is also facing pressure …

Full story available on Benzinga.com