Kinder Morgan Inc, First Horizon Corporation, TD SYNNEX and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as Dow Jones shed 0.76% and closed at 33,045. S&P 500 lost 0.76% and ended the session at 3,899.
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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Kinder Morgan: EPS of 0.31, Revenue of $4.58 billion
Following the release of quarterly results, Kinder Morgan Inc trades at $18.75.
After ending yesterday's session at $18.36, Kinder Morgan went up to $18.93 today only to fall back and close at $18.75. Daily trading volume (17 million shares) increased, making up 150% of the 21-day average (11.40 million).
First Horizon Corporation | Extends 9 cents since strong earnings report yesterday
First Horizon Corporation released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.51 per share on revenue of $882 million, topping estimates of 0.5 per share on revenue of $867.82 million. Since the release of its earnings report, First Horizon Corporation gained 0.37%.
After closing yesterday at $24.57, First Horizon Corporation closed at $24.6 today after climbing to $24.65 and dropping back down.
The bank holding company has recovered 43.6% since descending to a significant low of $17.11 around 11 months ago. So far this year, it has been under-performing the Nasdaq by 4.75%. The company's market cap currently stands at $13.21 billion with an average daily volume of 3.72 million shares.
The business IT support company has recovered almost all of its session losses after dipping down to $106.06 today.
This year has been a bright one for the business IT support company after trading as low as $81.19 and going on to appreciate by 11.72% year to date. The company has a market cap of $10.12 billion with an average daily trading volume of 296,279 shares.