Madison Square Garden Sports Corp., Linde, Vertex Pharmaceuticals are the ones to read about today.
Leading equity indices in the US declined as Nasdaq lost 1.68% and ended the session at 11,900. S&P 500 closed at 4,118, a 1.11% change.
Digital Realty Trust Inc & Watsco, Inc. due to release their earnings reports within the following week.
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.
Madison Square Garden Sports Corp.: mixed results
Madison Square Garden Sports Corp. reported earnings results Tuesday, with EPS at 0.84 and revenues at $353.69 million; these results are mixed when compared to a consensus of 1.33 Earnings Per Share and $314 million revenue. Since the release of its earnings report, Madison Square Garden Sports Corp. gained 4.6%.
Having closed Tuesday at $181.08, bullish sentiment helped Madison Square Garden Sports Corp. to reach highs around $188.86 before paring gains and ending yesterday at $188. Daily trading volume (276,104 shares) was above the current multiday average of 159,305.
Linde: mixed results
Linde reported earnings results Tuesday, with EPS at 3.16 and revenues at $7.90 billion; these results are mixed when compared to a consensus of 2.91 Earnings Per Share and $8.38 billion revenue. Since the release of its earnings report, Linde gained 3.53%.
Grinding lower but with no clear-cut direction, the multinational chemical company closed the session at $334.25 after forming a distinct $333.44 – $346.67 range. Daily trading volume (3.43 million shares) was above the current multiday average of 2.28 million.
Vertex: beats estimations
Vertex was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 3.33 per share on revenue of $2.30 billion, topping estimates of 3.11 per share on revenue of $2.30 billion.
Early in yesterday's session, Vertex dropped to $293.12 from $308.54 at the end of Tuesday, before closing at $293.33. During the session, it lost 4.93%.
Daily trading volume (2 million shares) was higher than the current multiday average of 1.57 million.
Chipotle | Retains downward momentum since earnings report Tuesday
The company reported earnings of 8.29 per share Tuesday, falling short of expectations of 8.88. Revenue was also lower than expected at $2.18 billion versus $2.24 billion. Chipotle Mexican Grill lost 3.7% since the release of its earnings report.
After ending Tuesday at $1,723, Chipotle dropped to $1,616.82 early in yesterday's session and closed at $1,637.41. In total, it lost 4.96%. Daily trading volume (618,904 shares) was above the current multiday average of 309,815.