Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. are the ones to read about today.
Markets completed a mixed session yesterday while Nasdaq lost 0.43% and ended the session at 12,032. Dow Jones ended the session at 33,700 after a 0.29% gain.
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.
Carmax: EPS of zero, Revenue of $5.72 billion
Carmax Inc trades at $72.21 after the company released its quarterly results.
Carmax ended Monday's session at $65.86. yesterday started with an increase to $73.57, but dropped back and closed at $72.21. Daily trading volume (12.66 million shares) was higher than the current multiday average of 3.15 million.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Following the release of quarterly results, Albertsons Companies trades at $20.87.
After ending Monday at $21.21, Albertsons Companies dropped to $20.73 early in yesterday's session and closed at $20.87. In total, it lost 1.6%. Daily trading volume (7.62 million shares) was higher than the current multiday average of 5.45 million.
Tilray: mixed results
Tilray reported inconclusive earnings results Monday, with revenue at $145.59 million, compared to a consensus of $202.47 million. Since the release of its earnings report, Tilray lost 3.08%.
After ending Monday at $2.74, Tilray declined to $2.46 yesterday before closing at $2.52, thereby losing 8.03% in total. Daily trading volume (22.19 million shares) was higher than the current multiday average of 11.68 million.
RPM International: beats estimations
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 2.64%.
RPM International closed a flat day of trading at $82.1 yesterday after ending Monday at $82.14. The day's trading volume totalled 731,782 shares — slightly below the 21-day average of 877,785.
