Consolidated Edison Inc, US Foods Holding Corp., DraftKings Inc. and other stocks published their quarterly earnings. Here's what you need to know.
Markets completed a mixed session Friday, as Nasdaq closed at 11,800, a 0.58% change. Dow Jones closed the day at 33,827, having gained 0.39%.
Vimeo, Inc. & Li Auto Inc. due to release their earnings reports within the following 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.
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion. Since the release of its earnings report, Consolidated Edison Inc gained 2.25%.
Bullish sentiment helped the investor-owned energy company to hammer out a noteworthy $90.65 to $93.32 range Friday, and finally closing at $93.25 to end the session. Daily trading volume (3.65 million shares) increased, making up 218% of the 21-day average (1.68 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion. Since the release of its earnings report, Consolidated Edison Inc gained 2.25%.
Bullish sentiment helped the investor-owned energy company to hammer out a noteworthy $90.65 to $93.32 range Friday, and finally closing at $93.25 to end the session. Daily trading volume (3.65 million shares) increased, making up 218% of the 21-day average (1.68 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion. Since the release of its earnings report, Consolidated Edison Inc gained 2.25%.
Bullish sentiment helped the investor-owned energy company to hammer out a noteworthy $90.65 to $93.32 range Friday, and finally closing at $93.25 to end the session. Daily trading volume (3.65 million shares) increased, making up 218% of the 21-day average (1.68 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion. Since the release of its earnings report, Consolidated Edison Inc gained 2.25%.
Bullish sentiment helped the investor-owned energy company to hammer out a noteworthy $90.65 to $93.32 range Friday, and finally closing at $93.25 to end the session. Daily trading volume (3.65 million shares) increased, making up 218% of the 21-day average (1.68 million).