Banco Santander (Brasil) S.A., Companhia Siderúrgica Nacional, Centrais Elétricas Brasileiras S.A. – Eletrobrás are the ones to read about today.
Leading equity indices in the US declined as after dropping 0.76%, Nasdaq closed at 10,400. S&P 500 shed 0.4% and closed at 3,824.
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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Stantander Bank Brasil loses 6.49%, closes at $5.04 ahead of quarterly report today
The company trades at $5.04 ahead of quarterly performance report which is scheduled to be released today.
After ending Friday at $5.39, Stantander Bank Brasil declined to $5.03 yesterday before closing at $5.04, thereby losing 6.49% in total. Daily trading volume (1.92 million shares) was above the current multiday average of 1.26 million.
Companhia Siderurgica Nacional loses 2.54%, closes at $2.69 ahead of quarterly report today
Companhia Siderurgica Nacional is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.13 and the consensus revenue estimate is $1.81 billion.
An influx of sellers pushed the Brazilian steel giant to end the session lower around $2.69, while establishing a $2.68 to $2.82 session range yesterday. Yesterday's trading volume was 1.98 million shares which is lower than the 21-day average of 3.26 million.
After ending Friday at $7.93, Centrais Electricas Brasileiras declined to $7.26 yesterday before closing at $7.27, thereby losing 8.32% in total. Daily trading volume (3.69 million shares) increased, making up 186% of the 21-day average (1.98 million).