F5 Networks Inc, ManpowerGroup Inc., Seagate Technology PLC and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets completed a mixed session yesterday, as after dropping 0.29%, Nasdaq closed at 12,037. Dow Jones closed the day at 33,875, having gained 0.2%.
3Rd quarter earnings season is mostly over, with PacWest Bancorp & Halliburton Co releasing their earnings reports just this week.
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.
F5 Networks | Retains downward momentum since earnings report yesterday
The company reported earnings of 1.34 per share yesterday, falling short of expectations of 2.42. Revenue was also lower than expected at $7.58 million versus $699 million. F5 Networks Inc lost 0.29% since the release of its earnings report.
After ending yesterday at $134.02, the US online security firm recovers back to $133.63 after dipping down to $132 earlier today. Yesterday's trading volume was 517,826 shares which is slightly below the 21-day average of 659,052.
ManpowerGroup: mixed results
The company reported mixed earnings results Thursday, with EPS at 1.88 and revenues at $4.75 billion. Since the release of its earnings report, ManpowerGroup lost 6.3%.
Without a clear direction, ManpowerGroup closed at $74.49 while ranging between $74.04 and $74.8. The day's trading volume totalled 254,587 shares — slightly below the 21-day average of 303,447.
Generally flat but with a slight bullish bias, Seagate ranged between $55.79 and $57.08 before closing higher at $57. Yesterday's trading volume was 2.33 million shares which is slightly under the 21-day average of 2.57 million.
Fifth Third Bancorp | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.69 per share Thursday, falling short of expectations of 0.79. Revenue was also lower than expected at $2.21 billion versus $2.23 billion. Since the release of its earnings report, Fifth Third Bancorp lost 3.43%
Early in yesterday's session, Fifth Third Bancorp dropped to $27 from $27.48 at the end of Friday, before closing at $27.06. During the session, it lost 1.53%.
Trading volume totalled 5 million which equates to around 68% of the stock's 21-day average yesterday.