Oshkosh Corporation, Oshkosh Corporation, MGIC Investment Corporation and other stocks have published their quarterly earnings.
Leading equity indices in the US rose as Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 gained 1.36% and closed at 3,770.55.
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.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Following the release of quarterly results, Oshkosh Corporation trades at $88.74.
Oshkosh Corporation increases 2.51% to close at $88.74 Friday.
Oshkosh Corporation hit a significant low of $70.29 around a month ago, but has since recovered 23.16%. So far in 2022 it has been beating the Nasdaq by 29.21%. The company has a market cap of $5.80 billion with an average daily trading volume of 446,695 shares.
MGIC Investment: mixed results
MGIC Investment reported ambiguous earnings results Thursday, with revenue at $292.80 million, compared to a consensus of $298.87 million. Since the release of its earnings report, MGIC Investment lost 1.19%.
Grinding lower but with no clear-cut direction, MGIC Investment closed the session at $13.34 after forming a distinct $13.15 – $13.73 range. Friday's trading volume was 3.37 million shares which is slightly under the 21-day average of 3.42 million.