Microsoft, Verizon, Texas Instruments are the ones to read about today.
The leading indices are climbing up — Nasdaq goes up 1.33%, trading at 11,464. S&P 500 up to 4,048, gaining 0.79%.
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 stocks have released their quarterly earnings reports. Have a look.
Microsoft: mixed results
Microsoft reported earnings results Tuesday, with EPS at 2.32 and revenues at $52.75 billion; these results are mixed when compared to a consensus of 2.27 Earnings Per Share and $52.96 billion revenue. Since the release of its earnings report, Microsoft gained 1.55%.
Microsoft rallies $5.72 (2.38%) and maintains the $246.33 level as it reaches the end of session.
Verizon: mixed results
Verizon reported earnings results Tuesday, with EPS at 1.19 and revenues at $35.25 billion; these results are mixed when compared to a consensus of 1.2 Earnings Per Share and $35 billion revenue. Since the release of its earnings report, Verizon gained 1.44%.
Drifting lower, the broadband and telecommunications company is nearing the end of the session at $40.2 after ranging between $39.93 and $40.57 today.
TI | better than expected earnings Tuesday
TI is down despite the fact that on Tuesday the company released its quarterly earnings, beating analysts estimates. The company reported earnings of 2.13 per share on revenue of $4.67 billion, topping estimates of 1.96 per share on revenue of $4.62 billion.
As the current session draws to a close, the embedded processing and electronics company remains in the $171.79 – $175.27 range after closing yesterday at $175.04 and dropping by 1.14%.