Ralph Lauren Corp, Masco Corp, National Retail Properties, Inc. are the ones to read about today.
Leading equity indices in the US rose as Dow Jones closed the day at 34,246, having gained 1.11%. S&P 500 gained 1.14% and closed at 4,137.29.
Philip Morris International and Kellogg Co have released their earnings reports with Keysight Technologies Inc and CoStar Group, 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.
Ralph Lauren | Extends $5.8 since strong earnings report Thursday
Ralph Lauren Corp released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 3.35 per share on revenue of $1.83 billion, topping estimates of 2.91 per share on revenue of $1.76 billion. Since the release of its earnings report, Ralph Lauren Corp gained 4.95%.
The luxury fashion brand gained 3.95% and stayed at $122.88 levels. Daily trading volume (1.42 million shares) was slightly above the current multiday average of 1.14 million.
Masco | Bounces $2.44 since downbeat earnings report Thursday
The company reported earnings of 0.65 per share Thursday, falling short of expectations of 0.66. Revenue was also lower than expected at $1.92 billion versus $1.94 billion. Although earnings did not match projections, Masco gained 4.51% since the release of its earnings report.
Pronounced bullish sentiment in the market helped the leading US home improvement company to make a notable 2.72% gain yesterday, rising $1.5 and ultimately closing at $56.56. Daily trading volume (2.78 million shares) increased, making up 130% of the 21-day average (2.14 million).
National Retail Properties | Extends 21 cents since strong earnings report Thursday
National Retail Properties released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $198.52 million, topping estimates of 0.79 per share on revenue of $195.66 million. Since the release of its earnings report, National Retail Properties gained 0.45%.
The high-quality retail REIT rallied 0.73% and maintained $47.16. The day's trading volume totalled 486,856 shares — below the 21-day average of 972,801.
After ending Friday at $39, Apartment Income REIT went up to $40.1 only to drop back, yet still traded well overall and closed at $39.52 yesterday.
The real estate investment trust has managed to gain 16.45% so far this year despite trading at lows around $33.67 previously. Currently, the real estate investment trust has a market capitalization of $5.88 billion with an average daily trading volume of 663,734 shares.