Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. are the ones to read about today.
Leading equity indices in the US rose as Nasdaq ended the session at 12,166 after a 2% gain. Dow Jones gained 1.14% and closed at 34,030.
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.
Carmax: EPS of zero, Revenue of $5.72 billion
Carmax Inc trades at $69 after the company released its quarterly results.
Generally flat but with a slight bullish bias, Carmax ranged between $67.13 and $70.27 before closing higher at $69.
The used car company reached a significant high of $104.22 around 7 months ago but has lost 34.2% since then. So far this year, it has been outperforming the S&P by 6.03%. The used car dealer's market cap currently stands at $10.91 billion with an average daily volume of 3.19 million shares.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Following the release of quarterly results, Albertsons Companies trades at $20.63.
After dropping down to $20.41, America's second-largest supermarket chain recovers some losses and is currently trading at $20.63.
25 days ago, the grocery store company fell to a low of $19.2 but has since recovered 7.5%. So far this year, it has been under-performing the Nasdaq by 15.26%. The company has a market cap of $11.75 billion with an average daily volume of 5.69 million shares.
Tilray: mixed results
Tilray reported earnings results Monday; with EPS at -0.04; these results are inconclusive when compared to a consensus of -0.05 Earnings Per Share. Since the release of its earnings report, Tilray lost 5.77%.
Despite the risk-off mood, Tilray was range-bound between $2.43 to $2.52 and settled at $2.45. Yesterday's trading volume was 11.13 million shares which is slightly below the 21-day average of 11.39 million.
Slightly down but mostly flat: RPM International ranged between $81.49 and $82.29 before closing at $81.67.
Having soared to a high of $104.57 approximately 4 months ago, the US coatings multinational is now trading 21.69% lower. So far this year, it has been doing worse than the Nasdaq by 31.42%. Currently, the US coatings multinational has a market capitalization of $10.53 billion with an average daily trading volume of 889,811 shares.
