Earnings From GOOGL, FB, XOM, BA In Focus

The first big week of Q2 earnings season kicks off this morning, the start of what will eventually bring a full 35% of S&P 500 companies reporting by the end of the week, not counting those on the index already having reported over the past few weeks. Facebook FB , Boeing BA and Exxon XOM are just some of those large-caps putting out numbers this week, with Alphabet GOOGL reporting results after the bell today.

Ahead of the market open, we already see a strong helping of companies' quarterly numbers across a wide spectrum of industries. Big names like Zacks Rank #3 (Hold)-rated Halliburton HAL and Hasbro HAS have already reported, as have some Zacks favorites like #2 (Buy)-rated regional banks Community Bank CBU and Old National Bancorp ONB .

Oilfield services giant Halliburton disappointed investors this morning, missing bottom-line estimates by a penny to 58 cents per share, even as revenues marginally beat by 0.65% to $6.15 billion. Both top and bottom line results are far superior to the year-ago results of 23 cents per share on $4.96 billion in sales. Shares of Halliburton are down 7.5% year to date, and are currently down another 1.6% following earnings results. For more on HAL's earnings, click here.

Toy-maker Hasbro , on the other hand, easily outperformed expectations in the quarter, putting up 48 cents per share versus the consensus 29 cents, with revenues of $904.5 million taking out the $833 million analysts were looking for. The liquidation of major toy retailer Toys R Us obviously had a big impact on the company's business, and Q2 results were down significantly from the year-ago quarter, but today's quarterly report shows the company "gamely" competing in the face of difficulties. For more on HAS's earnings, click here.

Northeastern regional bank Community Bank posted a 9.76% positive earnings surprise ahead of the bell this morning, putting up 90 cents per share in the quarter, well aheads of the year-ago quarter's bottom line of 73 cents per share. However, revenues were down slightly from expectations, to $14.41 million in the quarter, though this quarter marks the fifth straight beat on the bottom line. Shares are up 16.8% year to date. For more on CBU's earnings, click here.

Another regional bank - this one from Indiana (Midwestern region) - reporting this morning is Old National Bancorp , which outperformed on both top and bottom lines this morning. Earnings of 29 cents per share beat estimates by 3 cents, while $181.25 million in revenues posted a 4.82% positive surprise. This stock is up 10% year to date, and the stock has gained an additional 0.78% at this point in pre-market trading . For more on ONB's earnings, click here.

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Facebook, Inc. (FB): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

The Boeing Company (BA): Free Stock Analysis Report

Old National Bancorp (ONB): Free Stock Analysis Report

Community Bank System, Inc. (CBU): Free Stock Analysis Report

Halliburton Company (HAL): Free Stock Analysis Report

Exxon Mobil Corporation (XOM): Free Stock Analysis Report

Hasbro, Inc. (HAS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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