Tilray, Inc., RPM International Inc., Constellation Brands Inc are the ones to read about today.
Markets did not have a clear cut direction — Dow Jones closed the day at 33,600, having gained 0.3%. S&P 500 closed 4,109 after a stable day.
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.
Tilray: mixed results
Tilray, Inc. reported earnings results yesterday, with EPS at 0.04 and revenues at $145.59 million; these results are mixed when compared to a consensus of -0.05 Earnings Per Share and $202.47 million revenue. Since the release of its earnings report, Tilray, Inc. gained 5.38%.
The US pharmaceutical and consumer packaged goods company went up to $2.74, gaining 5.38%. Daily trading volume (16.67 million shares) increased, making up 147% of the 21-day average (11.31 million).
RPM International | better than expected earnings Thursday
RPM International released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.52 billion, topping estimates of 0.3 per share on revenue of $1.47 billion. Since the release of its earnings report, RPM International lost 2.6%.
The US coatings multinational went up to $82.14, gaining 1.17%. Daily trading volume (927,272 shares) increased, making up 106% of the 21-day average (871,691).
Constellation Brands | Extends $3.16 since strong earnings report Thursday
Constellation Brands released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.98 per share on revenue of $2.15 billion, topping estimates of 1.86 per share on revenue of $2 billion. Since the release of its earnings report, Constellation Brands gained 1.43%.
An influx of sellers pushed the beer, wine and spirit maker to session lows around $223.04 while establishing a $223.04 to $226.7 session range yesterday. Daily trading volume (1.71 million shares) was slightly greater than the current multiday average of 1.32 million.
Lamb Weston | Extends $3.12 since strong earnings report Thursday
Lamb Weston released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.43 per share on revenue of $1.25 billion, topping estimates of 0.98 per share on revenue of $1.16 billion. Since the release of its earnings report, Lamb Weston gained 3%.
After dipping down to $105.97, Lamb Weston regained earlier losses and ended up at $107.29.
Over the past a day, the Idaho-based food giant has retreated 0.4% from a noteworthy peak of $107.29. So far this year, it has been beating the S&P 500 by 16.14%. The company's market cap currently stands at $15.44 billion with an average daily volume of 1.62 million shares.