F5 Networks Inc, ManpowerGroup Inc., Seagate Technology PLC and other stocks have published their quarterly earnings.
Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
F5 Networks Inc and Universal Health Services Inc have released their earnings reports; Logitech International S.A. and Ceragon Networks Ltd. will publish their respective reports in due course.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
F5 Networks: falls short of estimations
F5 Networks Inc reported earnings of 1.34 per share and revenue at $7.58 million.
A quiet day for F5 Networks as it remained range-bound within a $133.12 – $136.3 range before closing at $134.02.
Over the past 11 months, the US online security firm has retreated 33.91% from a noteworthy peak of $203. So far this year, it has been under-performing the S&P by 14.96%. F5 Networks is currently trading with a market cap of $8 billion with an average daily trading volume of 649,518 shares.
ManpowerGroup: mixed results
ManpowerGroup reported earnings results Thursday; with EPS at 1.88; these results are inconclusive when compared to a consensus of 1.63 Earnings Per Share. Since the release of its earnings report, ManpowerGroup lost 6.18%.
Generally flat but with a slight bullish bias, ManpowerGroup ranged between $72.93 and $74.64 before closing higher at $74.59. Daily trading volume (373,594 shares) was slightly greater than the current multiday average of 310,171.
The data storage specialist has recovered almost all of its session losses after dipping down to $54.34 Friday. Daily trading volume (5.91 million shares) was higher than the current multiday average of 2.58 million.