Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq was down 0.85% before closing the session 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.
After ending Tuesday at $72.21, Carmax declined to $67.26 yesterday before closing at $68.58, thereby losing 5.03% in total. Daily trading volume (5.28 million shares) was higher than the current multiday average of 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 America's second-largest supermarket chain to end the session lower around $20.64, while establishing a $20.63 to $20.85 session range yesterday. Yesterday's trading volume was 4.83 million shares which is slightly below the 21-day average of 5.51 million.
Tilray: mixed results
Tilray reported earnings results Monday; with EPS at -0.04 and revenues at $145.59 million, these results are mixed compared to a consensus of -0.05 Earnings Per Share and $202.47 million revenue. Since the release of its earnings report, Tilray lost 5.58%.
An influx of sellers pushed the US cannabis-lifestyle firm to end the session lower around $2.46, while establishing a $2.45 to $2.58 session range yesterday. Trading volume totalled 9.36 million which equates to around 82% of the stock's 21-day average yesterday.
The US coatings specialist went up to $81.89, gaining 0.26%. Yesterday's trading volume was 665,733 shares which is slightly under the 21-day average of 885,840.