Oshkosh Corporation, Adobe, Jabil Inc. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq was down 1.49% before closing the session at 10,546. After dropping 0.9%, S&P 500 closed at 3,817.66.
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, mid cap and over stocks have released their quarterly earnings reports. Have a look at this rundown.
Oshkosh Corporation | Bounces $1.33 since downbeat earnings report Friday
The company reported earnings of one per share Friday, falling short of expectations of 1.23. Revenue was also lower than expected at $2 billion versus $2.20 billion. Although earnings did not match projections, Oshkosh Corporation gained 1.58% since the release of its earnings report.
Oshkosh Corporation ascends 0.61% to close at $85.46 yesterday. Daily trading volume (574,638 shares) increased, making up 155% of the 21-day average (370,494).
Adobe: EPS of 2.78, Revenue of $4.53 billion
Adobe trades at $328.76 after the company released its quarterly results.
After ending Friday at $338.54, Adobe dropped to $326.3 early in yesterday's session and closed at $328.76. In total, it lost 2.89%. Daily trading volume (4 million shares) was slightly above the current multiday average of 3.28 million.
Jabil: mixed results
Jabil reported inconclusive earnings results Thursday, with revenue at $9.63 billion, compared to a consensus of $9.29 billion. Since the publication of its earnings report, Jabil has declined 6%.
After ending Friday at $69.07, Jabil declined to $67.73 yesterday before closing at $68.24, thereby losing 1.2% in total. Trading volume totalled 1 million which equates to around 82% of the stock's 21-day average yesterday.
Companhia Siderurgica Nacional loses 1.15%, closes at $2.59 ahead of quarterly report tomorrow
Companhia Siderurgica Nacional is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 0.13 and the consensus revenue estimate is $1.81 billion.
After ending Friday at $2.62, Companhia Siderurgica Nacional dropped to $2.54 early in yesterday's session and closed at $2.59. In total, it lost 1.15%. Yesterday's trading volume was 3.49 million shares which is slightly under the 21-day average of 3.78 million.