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 shed 0.52% and closed 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.
Visa Inc. ended Wednesday's session at $211.73. Friday started with an increase to $214, but dropped back and closed 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 by 3.07%. Visa Inc. has a market cap of $348 billion with an average daily volume of 6.88 million shares.
Visa Inc. ended Wednesday's session at $211.73. Friday started with an increase to $214, but dropped back and closed 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 by 3.07%. Visa Inc. has a market cap of $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 discount department and warehouse stores chain now trading 16.4% above its 3-month low of $118.29. So far in 2022, it has been outperforming the Dow by 12.4%. The company's market cap is $415.47 billion with an average daily trading volume of 6.63 million shares.
The DIY home improvement retailer went up to $326.38, gaining 1.51%. Friday's trading volume was 3.38 million shares which is slightly below the 21-day average of 4.56 million.