Oshkosh Corporation, Adobe, Jabil Inc. are the ones to read about today.
Markets did not have a clear cut direction — Dow Jones gained 0.28% and closed at 32,850. S&P 500 closed 3,821.62 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.
Oshkosh Corporation | Bounces $2.54 since downbeat earnings report Friday
The company reported earnings of one per share Friday, falling short of expectations of 1.23. Revenue was also lower than expected at $2 billion versus $2.20 billion. Although earnings did not match projections, Oshkosh Corporation gained 3.02% since the release of its earnings report.
Bullish sentiment helped the US industrial truck company to hammer out a noteworthy $85.43 to $87.77 range yesterday, and finally closing at $86.67 to end the session. Daily trading volume (605,294 shares) increased, making up 153% of the 21-day average (395,337).
Adobe: EPS of 2.78, Revenue of $4.53 billion
Following the release of quarterly results, Adobe trades at $338.22.
The digital media and marketing software company gained 2.88% and stayed at $338.22 levels. Daily trading volume (3.87 million shares) increased, making up 115% of the 21-day average (3.37 million).
Jabil: mixed results
Jabil reported earnings results Thursday; with EPS at 1.61; these results are inconclusive when compared to a consensus of 1.89 Earnings Per Share. Since the release of its earnings report, Jabil lost 4.7%.
After ending Monday at $68.24, Jabil spiked to $69.57 yesterday, dropped back to starting point range, and rallied again to $69.19. The day's trading volume totalled 1 million shares — slightly under the 21-day average of 1.25 million.