Visa Inc., Cisco Systems, NVIDIA and other mega cap stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets completed a mixed session Friday, as Nasdaq shed 0.18% and closed at 11,461. S&P 500 slipped 0.12% and closed at 4,071.7.
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 mega cap stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Visa Inc. recovered from the previous trading session's losses and went up to $217.66 Friday after it traded lower at $214.24.
2 months ago, the electronic funds transfer specialist fell to a low of $177.65 but has since recovered 22.15%. So far in 2022, it has performed better than the Dow by 4.56%. The company has a market cap of $354.32 billion with an average daily volume of 7.44 million shares.
Early in Friday's session, Cisco dropped to $48.92 from $49.97 at the end of Thursday, before closing at $49.7. During the session, it lost 0.54%.
The day's trading volume totalled 12.33 million shares — lower than the 21-day average of 20.17 million.
Visa Inc. recovered from the previous trading session's losses and went up to $217.66 Friday after it traded lower at $214.24.
2 months ago, the electronic funds transfer specialist fell to a low of $177.65 but has since recovered 22.15%. So far in 2022, it has performed better than the Dow by 4.56%. The company has a market cap of $354.32 billion with an average daily volume of 7.44 million shares.
A tough start to the session saw price action reach a low of $151.48 before closing at $153.22.
The past 3 months have been positive for the warehouse stores chain company as it added 15.76% compared to its 3-month low of $118.29. So far in 2022, it has been outperforming the Dow by 12.19%. Walmart's market cap currently stands at $413.20 billion with an average daily trading volume of 6.98 million shares.