Baker Hughes Co, Nasdaq Inc, Snap Inc. are the ones to read about today.
Markets did not have a clear cut direction — Dow Jones closed at 33,900, a 0.23% change. Nasdaq closed 12,157 after a stable day.
STMicroelectronics N.V. and Credit Suisse Group AG due to release their earnings reports within the following 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 flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Baker Hughes: mixed results
Baker Hughes Co reported mixed earnings results today, with revenue at $5.72 billion (expected at $5.51 billion) and an EPS of 0.15.
The oil field service company went up to $30.56, gaining 3.59%. Daily trading volume (10.35 million shares) increased, making up 150% of the 21-day average (6.92 million).
Nasdaq Inc: EPS of 0.66, Revenue of $1.53 billion
Following the release of quarterly results, Nasdaq Inc trades at $57.36.
Nasdaq Inc ended yesterday's session at $55.61. today started with an increase to $57.48, but dropped back and closed at $57.36.
8 months ago the stock exchange operator reached a significant high of $193.78 but has consequently lost 71.3% since then. So far this year, it has been doing worse than the S&P by 17.51%. The company is currently trading with a market cap of $28 billion with an average daily volume of 2.83 million shares.
Snap: mixed results
Snap reported mixed earnings results today, with revenue at $1.30 billion (expected at $1 billion) and an EPS of -0.22.
Although Snap increased from $11.04 to $11.4, the stock dropped back and is now priced at $11. Daily trading volume (27.47 million shares) increased, making up 121% of the 21-day average (22.79 million).
Qualtrics International poised to open around $17.91 tomorrow; earnings results due tomorrow
Qualtrics International is scheduled to announce earnings results tomorrow. The consensus EPS estimate is -0.38 and the consensus revenue estimate is $392.91 million.
A mostly flat day so far for the experience management company, range-bound between $17.93 and $17.96 and currently at $17.94. Today's trading volume was 1.28 million shares which is lower than the 21-day average of 4.51 million.
