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 after dropping 0.42%, Dow Jones closed at 33,900. Nasdaq shed 0.35% and closed 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
Following the release of quarterly results, UnitedHealth trades at $511.79.
After ending Thursday at $526.23, UnitedHealth declined to $508.5 yesterday before closing at $511.79, thereby losing 2.74% in total. Daily trading volume (4.85 million shares) was above the current multiday average of 3.46 million.
Delta Air Lines: EPS of zero, Revenue of $12.76 billion
Delta Air Lines trades at $33.77 after the company released its quarterly results.
After closing at $33.37 on Thursday, Delta Air Lines rallied as high as $34 but ended the day at $33.77. Daily trading volume (14.85 million shares) was slightly greater than the current multiday average of 11.75 million.
Fastenal: EPS of zero, Revenue of $1.86 billion
Fastenal trades at $53.27 after the company released its quarterly results.
Bullish sentiment helped the industrial and construction supplies provider to hammer out a noteworthy $52.39 to $53.9 range yesterday, and finally closing at $53.27 to end the session. Daily trading volume (5.32 million shares) increased, making up 149% of the 21-day average (3.57 million).
Carmax: EPS of zero, Revenue of $5.72 billion
Carmax trades at $69.46 after the company released its quarterly results.
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 company 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.
The used car company reached a significant high of $104.22 around 7 months ago but has lost 33.78% since then. So far this year, it has performed better than the S&P by 7.09%. The company has a market cap of $10.98 billion with an average daily trading volume of 3.14 million shares.