ManpowerGroup Inc., Seagate Technology PLC, Fifth Third Bancorp are the ones to read about today.
Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
KB Financial Group Inc. & Cousins Properties Incorporated 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. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
ManpowerGroup: mixed results
ManpowerGroup Inc. reported ambiguous earnings results Thursday, with revenue at $4.75 billion, compared to a consensus of $4.81 billion. Since the release of its earnings report, ManpowerGroup Inc. lost 6.18%.
Generally flat but with a slight bullish bias, ManpowerGroup ranged between $72.93 and $74.64 before closing higher at $74.59. Daily trading volume (366,109 shares) increased, making up 118% of the 21-day average (310,171).
The data storage spearhead has recovered almost all of its session losses after dipping down to $54.34 yesterday. Daily trading volume (5.68 million shares) was above the current multiday average of 2.58 million.
Fifth Third Bancorp | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.69 per share Thursday, falling short of expectations of 0.79. Revenue was also lower than expected at $2.21 billion versus $2.23 billion. Since the release of its earnings report, Fifth Third Bancorp lost 1.93%
Pronounced bearish sentiment in the market pushed the US consumer bank into a notable 1.29% slide yesterday, falling 36 cents and ultimately closing at $27.48. Daily trading volume (8.43 million shares) increased, making up 109% of the 21-day average (7.74 million).