Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US declined as Nasdaq slipped 0.85% and closed at 11,929. S&P 500 closed at 4,092, a 0.41% change.
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.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax Inc trades at $68.58.
Early in today's session, Carmax dropped to $67.26 from $72.21 at the end of yesterday, before closing at $68.58. During the session, it lost 5.03%.
Daily trading volume (5.28 million shares) increased, making up 166% of the 21-day average (3.18 million).
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.64 after the company released its quarterly results.
An influx of sellers pushed the grocery store company to end the session lower around $20.64, while establishing a $20.63 to $20.85 session range today. Today's trading volume was 4.83 million shares which is slightly under the 21-day average of 5.51 million.
Tilray: mixed results
The company reported mixed earnings results Monday, with EPS at -0.04 and revenues at $145.59 million. Since the release of its earnings report, Tilray lost 5.58%.
An influx of sellers pushed the US cannabis-lifestyle firm to session lows around $2.45 while establishing a $2.45 to $2.58 session range today. Trading volume totalled 9.36 million which equates to around 82% of the stock's 21-day average today.