UnitedHealth, Delta Air Lines, Inc., Fastenal Co and other stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US declined as Dow Jones slipped 0.42% and closed at 33,900. Nasdaq lost 0.35% and ended the session at 12,123.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were down, stocks have released their quarterly earnings reports. Have a look at this rundown.
UnitedHealth: EPS of zero, Revenue of $91.93 billion
UnitedHealth trades at $511.79 after the company released its quarterly results.
Early in yesterday's session, UnitedHealth dropped to $508.5 from $526.23 at the end of Thursday, before closing at $511.79. During the session, it lost 2.74%.
Daily trading volume (4.85 million shares) was higher than the current multiday average of 3.46 million.
Delta Air Lines: EPS of zero, Revenue of $12.76 billion
Following the release of quarterly results, Delta Air Lines trades at $33.77.
After closing at $33.37 on Thursday, Delta Air Lines rallied as high as $34 but ended the day at $33.77.
The major US airline has shed 11.72% over the past three months. So far this year, it has been under-performing the Nasdaq by 10.67%. Currently, the legacy US airline carrier has a market capitalization of $21.65 billion with an average daily volume of 11.75 million shares.
Fastenal: EPS of zero, Revenue of $1.86 billion
Following the release of quarterly results, Fastenal trades at $53.27.
An influx of buyers helped the industrial and construction supplies provider to end the session higher around $53.27, while establishing a $52.39 to $53.9 session range yesterday. Daily trading volume (5.32 million shares) was above the current multiday average of 3.57 million.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax trades at $69.46.
After closing at $69 on Thursday, Carmax maintained a strong bullish bias that helped the stock close higher at $69.46 yesterday. However, market bears ensured the the used car dealer topped out at $71.5 and that by the end of the session, the market had marked out a distinct $68.49 to $71.5 range. Yesterday's trading volume was 2.75 million shares which is slightly under the 21-day average of 3.14 million.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.69 after the company released its quarterly results.
Without a clear direction, Albertsons Companies closed at $20.69 while ranging between $20.56 and $20.71.
Albertsons Companies hit a significant low of $19.2 around 26 days ago, but has since recovered 7.45%. So far this year, it has been doing worse than the Nasdaq by 14.32%. The grocery store company's market cap currently stands at $11.79 billion with an average daily trading volume of 5.66 million shares.