RPM International Inc., Constellation Brands Inc, Lamb Weston Holdings Inc are the ones to read about today.
Leading equity indices in the US rose as Nasdaq gained 0.76% and closed at 12,100. S&P 500 ended the session at 4,105 after a 0.36% gain.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were up and stocks have released their quarterly earnings reports. Have a look.
RPM International | Positive surprise Thursday
RPM International Inc. was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.37 per share on revenue of $1.52 billion, topping estimates of 0.3 per share on revenue of $1.47 billion.
After ending Wednesday at $84.33, RPM International dropped to $79.47 early in Thursday's session and closed at $81.19. In total, it lost 3.72%. Daily trading volume (2.21 million shares) was higher than the current multiday average of 842,537.
Constellation Brands | Retains upward momentum since earnings report Thursday
Constellation Brands released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.98 per share on revenue of $2.15 billion, topping estimates of 1.86 per share on revenue of $2 billion. Since the release of its earnings report, Constellation Brands gained 1.45%.
The beer, wine and spirit maker topped out at $226.5 having ended Thursday at $224.64. However, despite early momentum, the stock gave up its gains to now trade at $224.64. Daily trading volume (2 million shares) increased, making up 159% of the 21-day average (1.28 million).
Lamb Weston | Extends $2.69 since strong earnings report Thursday
Lamb Weston released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.43 per share on revenue of $1.25 billion, topping estimates of 0.98 per share on revenue of $1.16 billion. Since the release of its earnings report, Lamb Weston gained 2.58%.
Bullish sentiment helped the Idaho-based food giant to hammer out a noteworthy $105.03 to $109.7 range Thursday, and finally closing at $106.86 to end the session. Daily trading volume (3.98 million shares) increased, making up 249% of the 21-day average (1.60 million).
Levi Strauss & Co: exceeds expectations
Levi Strauss & Co was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.34 per share on revenue of $1.69 billion, topping estimates of 0.32 per share on revenue of $1.62 billion.
After ending Wednesday at $18.03, Levi Strauss & Co dropped to $15.04 early in Thursday's session and closed at $15.14. In total, it lost 16.03%. Daily trading volume (20.45 million shares) increased, making up 648% of the 21-day average (3.16 million).
