Trane Technologies PLC, Generac Holdings Inc, Louisiana-Pacific Corporation are the ones to read about today.
Leading equity indices in the US declined as Dow Jones closed at 33,400, a 0.8% change. S&P 500 slipped 0.7% and closed at 4,090.75.
First Citizens BancShares, Inc. & Syneos Health, 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.
Trane Technologies: mixed results
Trane Technologies PLC reported inconclusive earnings results yesterday, with revenue at $3.67 billion, compared to a consensus of $3.64 billion. Since the release of its earnings report, Trane Technologies PLC lost 5.74%.
Early in yesterday's session, Trane Technologies dropped to $176.84 from $188.56 at the end of Tuesday, before closing at $177.74. During the session, it lost 5.74%.
Daily trading volume (3.34 million shares) was higher than the current multiday average of 2.10 million.
Generac Holdings | Retains upward momentum since earnings report yesterday
Generac Holdings released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 2.09 per share on revenue of $887.91 million, topping estimates of 0.49 per share on revenue of $841 million. Since the release of its earnings report, Generac Holdings gained 11.61%.
After closing Tuesday at $102.8, Generac Holdings closed at $114.74 yesterday after climbing to $121.31 and dropping back down. Daily trading volume (3.83 million shares) increased, making up 322% of the 21-day average (1.19 million).
Louisiana-Pacific: mixed results
Louisiana-Pacific reported earnings results yesterday, with EPS at 5.08 and revenues at $584 million; these results are mixed when compared to a consensus of 0.05 Earnings Per Share and $621.34 million revenue. Since the release of its earnings report, Louisiana-Pacific gained 3.85%.
After closing yesterday at $61.97, the US building materials manufacturer peaked at $64.75 before giving up early gains and closing at $61.97. Daily trading volume (2.38 million shares) increased, making up 252% of the 21-day average (944,628).
World Wrestling Entertainment | Extends $2.42 since strong earnings report yesterday
World Wrestling Entertainment released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.77 per share on revenue of $297.6 million, topping estimates of 0.42 per share on revenue of $291.46 million. Since the release of its earnings report, World Wrestling Entertainment gained 2.29%.
Pronounced bullish sentiment in the market helped the media and entertainment company to make a notable 2.29% gain yesterday, rising $2.42 and ultimately closing at $108.14. The day's trading volume totalled 853,679 shares — lower than the 21-day average of 1.54 million.