Broadcom, Shinhan Financial Group Co., Ltd., Costco are the ones to read about today.
Markets are currently flat. S&P 500 up 0.11%, trading at 4,050. Nasdaq is relatively flat, trades at 11,700.
Coupa Software Incorporated and Korea Electric Power Corporation 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.
Though markets were flat, stocks have released their quarterly earnings reports. Take a look.
Broadcom | Retains upward momentum since earnings report Thursday
Broadcom released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 9.83 per share on revenue of $8.91 billion, topping estimates of 9.38 per share on revenue of $8.90 billion. Since the release of its earnings report, Broadcom gained 6.95%.
As we reach the end of the session, the semiconductors company trades at $634.83 with no clear-cut direction and ranging between $631.78 and $644.05.
The semiconductors company has recovered 48.15% since descending to a significant low of $427.1 around 4 months ago. So far this year, it has performed better than the Nasdaq by 3.18%. Broadcom has a market cap of $264.68 billion with an average daily volume of 2 million shares.
Shinhan Financial | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.68 per share and revenue at $4.92 trillion. Since the release of its earnings report Thursday, Shinhan Financial lost 4.07%.
As the session draws to a close, the investment banking and insurance firm is recovering but is not all the way back to $28.76 after dipping down to $28.45 today.
The investment banking and insurance firm reached a significant high of $36.62 around a month ago but has lost 21.46% since then. So far this year, it has been doing worse than the Nasdaq by 6.48%. Shinhan Financial's market cap currently stands at $14.52 billion with an average daily trading volume of 131,602 shares.
Costco: mixed results
Costco reported earnings results Thursday, with EPS at 3.3 and revenues at $54.44 billion; these results are mixed when compared to a consensus of 3.2 Earnings Per Share and $55.44 billion revenue. Since the release of its earnings report, Costco gained 0.85%.
Costco rallies $7.47 (1.57%) and maintains the $482.73 level as it reaches the end of session. As things stand, trading volume is at 2.14 million, above the 21-day average of 1.85 million.
Elastic: EPS of -0.39, Revenue of $274.57 million
Following the release of quarterly results, Elastic trades at $62.37.
Drifting lower, the self-managed SaaS provider is nearing the end of the session at $62.37 after ranging between $61.75 and $66.5 today.