Cirrus Logic, Inc., Schneider National, Inc., Janus Henderson Group plc are the ones to read about today.
Markets completed a mixed session yesterday while Nasdaq closed the day at 12,200, having gained 3.25%. S&P 500 ended the session at 4,179.76 after a 1.47% gain.
3Rd quarter earnings season is mostly over, with Sony Group Corporation and Dolby Laboratories, Inc. 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. 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.
Cirrus Logic | Retains upward momentum since earnings report yesterday
Cirrus Logic, Inc. released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 2.4 per share on revenue of $590.58 million, topping estimates of 1.99 per share on revenue of $462.73 million. Since the release of its earnings report, Cirrus Logic, Inc. gained 1.77%.
After closing Wednesday at $93.24, Cirrus Logic closed at $94.89 yesterday after climbing to $95.5 and dropping back down. Daily trading volume (1.26 million shares) was above the current multiday average of 504,390.
Schneider: mixed results
Schneider reported earnings results yesterday, with EPS at 0.64 and revenues at $1.56 billion; these results are mixed when compared to a consensus of 0.6 Earnings Per Share and $1.69 billion revenue. Since the release of its earnings report, Schneider gained 10.84%.
The truckload and logistics services provider topped out at $30.93 having ended yesterday at $30.38. However, despite early momentum, the stock gave up its gains to now trade at $30.38. Daily trading volume (1.68 million shares) increased, making up 289% of the 21-day average (580,949).
Janus Henderson | Extends $3.53 since strong earnings report yesterday
Janus Henderson released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.61 per share on revenue of $515.2 million, topping estimates of 0.42 per share on revenue of $482.77 million. Since the release of its earnings report, Janus Henderson gained 13.37%.
After closing yesterday at $29.93, the multinational asset management firm peaked at $31.3 before giving up early gains and closing at $29.93. Daily trading volume (4.61 million shares) increased, making up 392% of the 21-day average (1.17 million).
Apple | Bounces $5.39 since downbeat earnings report yesterday
The company reported earnings of 1.88 per share yesterday, falling short of expectations of 1.94. Revenue was also lower than expected at $117.15 billion versus $122 billion. Although earnings did not match projections, Apple gained 3.71% since the release of its earnings report.
Apple ended Wednesday's session at $145.43. yesterday started with an increase to $151.18, but dropped back and closed at $150.82.
The sleek smartphone manufacturer has gained 21.52% since its lowest print of $125 earlier this year. So far this year, it has performed better than the Nasdaq by 6.17%. The mobile and tech colossus's market cap currently stands at $2.39 trillion with an average daily volume of 71.37 million shares.