Globus Medical, Inc., IDACORP, Inc., Albemarle Corp and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets are up as Dow Jones goes up 1.37%, trading at 33,583. S&P 500 up 1.43%, trading at 4,119.29.
Kellogg Co & GoDaddy Inc. have released their earnings reports; Nova Ltd. and Charles River Laboratories International, Inc. will publish their respective reports in due course.
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.
Globus Medical: mixed results
Globus Medical, Inc. reported earnings results yesterday, with EPS at 0.42 and revenues at $276.69 million; these results are mixed when compared to a consensus of 0.51 Earnings Per Share and $254.9 million revenue. Since the release of its earnings report, Globus Medical, Inc. gained 1.97%.
After closing the previous trading day at $56.59, Globus is up to $57.93, which makes for a move of 2.37%/$1.34 today.
IDACORP: mixed results
IDACORP reported earnings results yesterday, with EPS at 0.91 and revenues at $429.66 million; these results are mixed when compared to a consensus of 0.92 Earnings Per Share and $320.76 million revenue. Since the release of its earnings report, IDACORP gained 0.83%.
After closing the previous trading day at $111.53, IDACORP is up to $111.73, which makes for a move of 0.18%/20.5 cents today.
Albemarle: EPS of 10.32, Revenue of $2.58 billion
Following the release of quarterly results, Albemarle trades at $183.52.
After closing the previous trading day at $175.65, Albemarle is up to $183.52, which makes for a move of 4.48%/$7.87 today.
Open Text Corporation: mixed results
Open Text Corporation reported earnings results yesterday, with EPS at 0.64 and revenues at $1.24 billion; these results are mixed when compared to a consensus of 0.65 Earnings Per Share and $1.18 billion revenue. Since the release of its earnings report, Open Text Corporation gained 9.93%.
After closing the previous trading day at $36.56, Open Text Corporation is up to $41.31, which makes for a move of 13%/$4.75 today. The trading volume is at 610,472, 133% above the 21-day average of 459,583.