Visa Inc., NVIDIA, Walmart are the ones to read about today.
The leading indices are climbing up — Dow Jones up 0.41%, trading at 33,700. S&P 500 goes up 0.19%, trading at 3,954.18.
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 are up and mega cap stocks have released their quarterly earnings reports. Have a look.
Visa Inc.: EPS of 1.93, Revenue of $7.79 billion
Visa Inc. trades at $210.17 after the company released its quarterly results.
Slightly weaker but mostly flat: Visa Inc. is currently trading at $210.17 as it maintains an active range between $209.75 and $214.17.
Having set a significant high of $235.42 a month ago, the multinational financial services company is trading 18.77% lower. So far in 2022, it has performed better than the Dow Jones by 4.35%. The company has a market cap of $343.63 billion with an average daily volume of 7.96 million shares.
Visa Inc.: EPS of 1.93, Revenue of $7.79 billion
Visa Inc. trades at $210.17 after the company released its quarterly results.
Slightly weaker but mostly flat: Visa Inc. is currently trading at $210.17 as it maintains an active range between $209.75 and $214.17.
Having set a significant high of $235.42 a month ago, the multinational financial services company is trading 18.77% lower. So far in 2022, it has performed better than the Dow Jones by 4.35%. The company has a market cap of $343.63 billion with an average daily volume of 7.96 million shares.
Walmart | Retains upward momentum since earnings report Tuesday
Walmart released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 1.5 per share on revenue of $152.81 billion, topping estimates of 1.32 per share on revenue of $147.75 billion. Since the release of its earnings report, Walmart gained 7.85%.
Marginally higher but lacking a clear-cut direction, Walmart is trading at $149.26 after ranging between $148.77 and $150 today.
Having set a significant low of $118.29 5 months ago, the discount department and warehouse stores chain is trading 25.12% higher. The Dow has been doing worse in 2022, it has been passing it by 11.38%. The company's market cap is $405.13 billion with an average daily trading volume of 6.89 million shares.
Home Depot | Extends $6.14 since strong earnings report Tuesday
Home Depot released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 4.24 per share on revenue of $38.87 billion, topping estimates of 4.11 per share on revenue of $37.96 billion. Since the release of its earnings report, Home Depot gained 2%.
After ending yesterday at $311.44, Home Depot is currently trading at $313.06.
Home Depot hit a significant low of $266.58 around a month ago, but has since recovered 16.83%. So far in 2022, it has been under-performing the Dow Jones by 14.73%. The company has a market cap of $320.49 billion with an average daily trading volume of 4.29 million shares.