Visa Inc., NVIDIA, Walmart 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 Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq was down 0.52% before closing the session at 11,226.
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 mega cap stocks have released their quarterly earnings reports. Here is an update on what to look out for.
After closing Friday at $213.79, the electronic funds transfer specialist peaked at $214 before giving up early gains and closing at $213.79.
Visa Inc. hit a significant low of $177.65 around a month ago, but has since recovered 19.18%. So far in 2022 it has been beating the Dow Jones by 3.07%. The company's market cap is $348 billion with an average daily volume of 6.88 million shares.
After closing Friday at $213.79, the electronic funds transfer specialist peaked at $214 before giving up early gains and closing at $213.79.
Visa Inc. hit a significant low of $177.65 around a month ago, but has since recovered 19.18%. So far in 2022 it has been beating the Dow Jones by 3.07%. The company's market cap is $348 billion with an average daily volume of 6.88 million shares.
Generally flat but with a slight bullish bias, Walmart ranged between $151.86 and $153.09 before closing higher at $153.07. The day's trading volume totalled 2.93 million shares — lower than the 21-day average of 6.63 million.
Pronounced bullish sentiment in the market helped the DIY home improvement retailer to make a notable 1.51% gain Friday, rising $4.87 and ultimately closing at $326.38.
Home Depot hit a significant low of $266.58 around 2 months ago, but has since recovered 20.61%. So far in 2022, it has been doing worse than the Dow Jones by 13.82%. Home Depot's market cap is currently $334.12 billion with an average daily trading volume of 4.56 million shares.