Ralph Lauren Corp, Masco Corp, National Retail Properties, Inc. are the ones to read about today.
The leading indices are climbing up — Dow Jones up to 34,162, gaining 0.86%. Nasdaq up to 11,857, gaining 1.18%.
3Rd quarter earnings season is mostly over, with Philip Morris International & Kellogg Co releasing their earnings reports just this week.
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.
Ralph Lauren | Retains upward momentum since earnings report Thursday
Ralph Lauren Corp released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 3.35 per share on revenue of $1.83 billion, topping estimates of 2.91 per share on revenue of $1.76 billion. Since the release of its earnings report, Ralph Lauren Corp gained 3.25%.
After ending Friday at $118.21, Ralph Lauren ascended as high as $121.07 before meeting resistance. Undeterred, Ralph Lauren posted a fresh rally late in the trading session targeting $120.88.
Masco | Bounces $2.26 since downbeat earnings report Thursday
The company reported earnings of 0.65 per share Thursday, falling short of expectations of 0.66. Revenue was also lower than expected at $1.92 billion versus $1.94 billion. Although earnings did not match projections, Masco gained 4.18% since the release of its earnings report.
The leading US home improvement company gaining 2.4% and hovering around the $56.38 level.
National Retail Properties | Extends 35 cents since strong earnings report Thursday
National Retail Properties released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $198.52 million, topping estimates of 0.79 per share on revenue of $195.66 million. Since the release of its earnings report, National Retail Properties gained 0.75%.
The real estate investment trust trades at $47.3 today, after closing Friday at $46.82 and gaining 48 cents (1.03%).