Royal Gold, Inc., Oshkosh Corporation, NetApp Inc and other stocks have published their quarterly earnings.
Leading equity indices in the US rose as S&P 500 ended the session at 4,080 after a 3.09% gain. Nasdaq closed the day at 11,468, having gained 4.41%.
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.
Royal Gold | Bounces $7.12 since downbeat earnings report yesterday
The company reported earnings of 0.71 per share yesterday, falling short of expectations of 0.73. Revenue was also lower than expected at $131.43 million versus $140 million. Although earnings did not match projections, Royal Gold, Inc. gained 6.77% since the release of its earnings report.
An influx of buyers helped the precious metals company to end the session higher around $112.33, while establishing a $108.44 to $112.69 session range today. Daily trading volume (622,720 shares) was above the current multiday average of 458,655.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Oshkosh Corporation trades at $92.07 after the company released its quarterly results.
Oshkosh Corporation recovered all the way back up to $92.07 after dipping down to $89.31.
Having set a significant high of $124.5 2 months ago, the specialty vehicle manufacturer is trading 29.08% lower. So far in 2022, it has been outperforming the Nasdaq by 23.74%. Oshkosh Corporation's market cap currently stands at $6 billion with an average daily trading volume of 328,417 shares.
NetApp: mixed results
NetApp reported earnings results yesterday; with EPS at 1.2; these results are inconclusive when compared to a consensus of 1.08 Earnings Per Share. Since the release of its earnings report, NetApp lost 6.83%.
Early in today's session, NetApp dropped to $64.5 from $71.79 at the end of yesterday, before closing at $67.61. During the session, it lost 5.82%.
Having set a significant high of $95.48 2 months ago, the data management company is trading 16.07% lower. So far in 2022, it has been doing worse than the S&P 500 by 1.1%. The company has a market cap of $14.70 billion with an average daily volume of 1.21 million shares.