MongoDB, Inc., Campbell Soup Co, Asana, Inc. are the ones to read about today.
Markets completed a mixed session yesterday while Nasdaq ended the session at 11,576 after a 0.4% gain. Dow Jones was down 0.18% before closing the session at 32,800.
Asana, Inc. & ZIM Integrated Shipping Services Ltd. have released their earnings reports with GoHealth, Inc. and GameStop Corp. are set to publish their respective reports as scheduled.
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.
MongoDB: mixed results
MongoDB, Inc. reported earnings results yesterday, with EPS at -1.2 and revenues at $361.31 million; these results are mixed when compared to a consensus of -1.18 Earnings Per Share and $303.47 million revenue. Since the release of its earnings report, MongoDB, Inc. gained 2.26%.
After closing at $223.65 on Tuesday, MongoDB maintained a strong bullish bias that helped the stock close higher at $228.7 yesterday. However, market bears ensured the the database developer topped out at $231.86 and that by the end of the session, the market had marked out a distinct $224 to $231.86 range. Daily trading volume (5.33 million shares) was higher than the current multiday average of 1.50 million.
Campbell Soup: mixed results
Campbell Soup reported earnings results yesterday, with EPS at 0.69 and revenues at $2.48 billion; these results are mixed when compared to a consensus of 0.73 Earnings Per Share and $2.44 billion revenue. Since the release of its earnings report, Campbell Soup gained 1.94%.
The defensive consumer stock gained 1.94% and stayed at $53.14 levels. Daily trading volume (5.32 million shares) increased, making up 219% of the 21-day average (2.43 million).
Asana: mixed results
Asana reported earnings results yesterday, with EPS at -0.48 and revenues at $150.23 million; these results are mixed when compared to a consensus of -0.47 Earnings Per Share and $145.12 million revenue. Since the release of its earnings report, Asana gained 1.83%.
After closing yesterday at $17.8, the web and mobile application developer peaked at $18.18 before giving up early gains and closing at $17.8. Daily trading volume (6.29 million shares) increased, making up 197% of the 21-day average (3.20 million).