Madison Square Garden Sports Corp., Linde, Vertex Pharmaceuticals are the ones to read about today.
Leading equity indices in the US rose as Nasdaq gained 1.9% and closed at 12,100. S&P 500 ended the session at 4,164 after a 1.29% gain.
Western Union Co & The Carlyle Group Inc. have released their earnings reports with EQT Corporation and Allison Transmission Holdings, Inc. are set to publish their respective reports as scheduled.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets were up and stocks have released their quarterly earnings reports. Have a look.
Madison Square Garden Sports Corp.: mixed results
Madison Square Garden Sports Corp. reported earnings results yesterday, with EPS at 0.65 and revenues at $353.69 million; these results are mixed when compared to a consensus of 1.33 Earnings Per Share and $314 million revenue. Since the release of its earnings report, Madison Square Garden Sports Corp. gained 0.75%.
After dipping down to $172.92, Madison Square Garden Sports Corp. regained earlier losses and closed at $181.08. Daily trading volume (228,593 shares) increased, making up 147% of the 21-day average (155,601).
Linde | Bounces $14.26 since downbeat earnings report yesterday
The company reported earnings of 2.77 per share yesterday, falling short of expectations of 2.91. Revenue was also lower than expected at $7.90 billion versus $8.38 billion. Although earnings did not match projections, Linde gained 4.42% since the release of its earnings report.
The atmospheric gas supplier closed Monday at $322.86. yesterday, it gained 4.42% and remained around $337.12. Daily trading volume (4.63 million shares) increased, making up 212% of the 21-day average (2.18 million).
Vertex | Retains upward momentum since earnings report yesterday
Vertex released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 3.18 per share on revenue of $2.30 billion, topping estimates of 3.11 per share on revenue of $2.30 billion. Since the release of its earnings report, Vertex gained 1.2%.
Bullish sentiment helped the pharmaceuticals company to hammer out a noteworthy $302.24 to $309.44 range yesterday, and finally closing at $308.54 to end the session. Trading volume totalled 1.14 million which equates to around 75% of the stock's 21-day average yesterday.
Chipotle Mexican Grill | Bounces $22.72 since downbeat earnings report yesterday
The company reported earnings per share of 5.58 per share and a revenue $2.18 billion yesterday. Chipotle gained 1.33% since the release of its earnings report.
After ending Monday at $1,700.28, Chipotle went up to $1,723.6 only to drop back, yet still traded well overall and closed at $1,723 yesterday. Daily trading volume (514,960 shares) increased, making up 177% of the 21-day average (291,498).