Earnings roundup: GM, McDonald's, Microsoft, Google, and more

It's earnings season! Yahoo Finance is here to help with a roundup of what we learned on Q1 company earnings from GM, Pepsico, McDonald's, Microsoft, Google, and more.

GM Q1 Earnings

General Motors CFO Paul Jacobson said, "Demand is remaining firm for us. Our volumes were up about 4%. Revenues were strong. Pricing is still lapping (due to) some of the increases that we did last year as a result of the higher input costs and commodities. Overall, really strong execution by the team.”

Pepsico Product Demand

PepsiCo CFO Hugh Johnston stated, “Overall, the demand for our products continues to be quite high. I think revenue is a much more reflective metric of what's happening. And with 14% revenue, obviously, consumers are truly enjoying our products.”

Chipotle Price Increases

Regarding price increases, Chipotle CFO Jack Hartung said, “Despite some of those price increases, our transactions were up 4%. And that tells us that customers still think of Chipotle as the meal that they want to eat at a great value. And so they're coming back in greater numbers."

Intel Inventory Corrections

Intel CEO Pat Gelsinger remarked, "All of the steps of our turnaround are underway. Good execution on the product side, good execution on the process, technology momentum that we have and I think investors are looking at."

Video highlights:

00:00:03 - General Motors CFO Paul Jacobson

00:00:19 - PepsiCo CFO Hugh Johnston

00:00:31 - TD Cowen Managing Director Andrew Charles on McDonald's

00:00:45 - Chipotle CFO Jack Hartung

00:00:59 - Intel CEO Pat Gelsinger

00:01:16 - Roth MKM Managing Director Rohit Kulkarni on Google

00:01:29 - RBC Capital Markets Equity Analyst Rishi Jaluria

Video transcript

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PAUL JACOBSON: Demand is remaining firm for us. Our volumes were up about 4%. Revenues were strong. Pricing still lapping some of the increases that we did last year as a result of the higher input costs and commodities. Overall, really strong execution by the team.

HUGH JOHNSTON: Overall, the demand for our products continues to be quite high. I mean, I think revenue is a much more reflective metric of what's happening. And with 14% revenue, obviously consumers are truly enjoying our products.

ANDREW CHARLES: McDonald's, notwithstanding the strategy they're doing around accelerating the arches, the success they're having with digital, with operational simplicity, with very targeted and specific menu innovation. McDonald's are very well positioned to benefit given those superior value perceptions.

ROHIT KULKARNI: There are significantly more positive surprises in today's print than what even the stock seems to indicate. Cloud is growing, cloud profitability is improving, they're buying back shares. A lot of positives.

SEAN DUNLOP: I think a really positive quarter for Chipotle no matter how you chop it up. Really positive quarter. The market reaction certainly attests to that.

RISHI JALURIA: I think this is better than everyone feared. Putting this all together it's showing us that enterprise software and cloud, and AI is definitely more resilient than people are fearing. And that's why this stock is up. And that's why you're seeing a lot of enterprise software trading up in the aftermarket right now.

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