Ralph Lauren Corp, Masco Corp, National Retail Properties, Inc. are the ones to read about today.
Markets completed a mixed session Friday while Dow Jones gained 0.5% and closed at 33,869. After dropping 0.61%, Nasdaq closed at 11,718.
3Rd quarter earnings season is mostly over, with Philip Morris International & Kellogg 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. 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.
Ralph Lauren | Extends $1.13 since strong earnings report Thursday
Ralph Lauren Corp released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 3.35 per share on revenue of $1.83 billion, topping estimates of 2.91 per share on revenue of $1.76 billion. Since the release of its earnings report, Ralph Lauren Corp gained 0.97%.
Generally flat but with a slight bullish bias, Ralph Lauren ranged between $115.15 and $118.73 before closing higher at $118.21. Daily trading volume (1.38 million shares) was slightly greater than the current multiday average of 1.11 million.
Masco | Bounces 94 cents since downbeat earnings report Thursday
The company reported earnings of 0.65 per share Thursday, falling short of expectations of 0.66. Revenue was also lower than expected at $1.92 billion versus $1.94 billion. Although earnings did not match projections, Masco gained 1.74% since the release of its earnings report.
Pronounced bullish sentiment in the market helped the US manufacturing company to make a notable 1.96% gain Friday, rising $1.06 and ultimately closing at $55.06. Daily trading volume (4.49 million shares) increased, making up 216% of the 21-day average (2 million).
National Retail Properties | better than expected earnings Thursday
The company released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $198.52 million, topping estimates of 0.79 per share on revenue of $195.66 million. Since the release of its earnings report, National Retail Properties lost 0.28%.
The high-quality retail REIT went up to $46.82, gaining 1.67%. Trading volume totalled 895,038 which equates to around 89% of the stock's 21-day average Friday.
After dipping down to $38.53, Apartment Income REIT regained earlier losses and reaches $39. Daily trading volume (866,453 shares) was higher than the current multiday average of 646,306.