Companhia Siderúrgica Nacional, Banco Santander (Brasil) S.A., Oshkosh Corporation are the ones to read about today.
Leading equity indices in the US declined as S&P 500 was down 0.61% before closing the session at 3,995.32. Nasdaq shed 0.76% and closed at 11,171.
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.
Companhia Siderurgica Nacional | Retains upward momentum since earnings report yesterday
Companhia Siderúrgica Nacional released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.16 per share on revenue of $10.90 billion, topping estimates of 0.13 per share on revenue of $1.81 billion. Since the release of its earnings report, Companhia Siderúrgica Nacional gained 2.63%.
After ending Tuesday at $2.66, Companhia Siderurgica Nacional went up to $2.76 only to drop back, yet still traded well overall and closed at $2.73 yesterday.
8 months ago the Brazilian steel giant reached a significant high of $5.71 but has consequently lost 53.42% since then. So far in 2022, it has been outperforming the Nasdaq by 4.15%. The company's market cap is $3.79 billion with an average daily volume of 3.51 million shares.
Stantander Bank Brasil | Bounces 2 cents since downbeat earnings report yesterday
The company reported earnings per share of 0.09 per share and a revenue $9.98 billion yesterday. Stantander Bank Brasil gained 0.41% since the release of its earnings report.
Stantander Bank Brasil recovered from the previous trading session's losses and went up to $4.9 yesterday after it traded lower at $4.79. Daily trading volume (1.51 million shares) was slightly above the current multiday average of 1.33 million.
Oshkosh Corporation | Retains downward momentum since earnings report yesterday
The company reported earnings of one per share yesterday, falling short of expectations of 1.23. Revenue was also lower than expected at $2 billion versus $2.19 billion. Since the release of its earnings report, Oshkosh Corporation lost 0.82%
Although Oshkosh Corporation increased from $87.92 to $89.23, the stock dropped back and is now priced at $87.2.
Having set a significant high of $124.5 2 months ago, the US industrial truck company is trading 25.08% lower. So far in 2022, it has performed better than the Nasdaq by 18.05%. Oshkosh Corporation is currently trading with a market cap of $5.70 billion with an average daily trading volume of 339,637 shares.