F5 Networks Inc, ManpowerGroup Inc., Seagate Technology PLC are the ones to read about today.
Leading equity indices in the US declined as S&P 500 slipped 1.58% and closed at 4,071.63. Nasdaq closed at 11,800, a 1.98% change.
3Rd quarter earnings season is mostly over, with Landstar System, Inc. and Rogers Communications 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. 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 were down, stocks have released their quarterly earnings reports. Have a look at this rundown.
F5 Networks | Retains downward momentum since earnings report Monday
The company reported earnings of 1.34 per share Monday, falling short of expectations of 2.42. Revenue was also lower than expected at $7.58 million versus $699 million. Since the release of its earnings report, F5 Networks Inc lost 2.78%
An influx of sellers pushed the US tech company to session lows around $130 while establishing a $130 to $133.11 session range yesterday. Daily trading volume (703,314 shares) increased, making up 104% of the 21-day average (676,329).
ManpowerGroup: mixed results
ManpowerGroup reported earnings results Thursday; with EPS at 1.88, these results are ambiguous when compared to a consensus of 1.63 Earnings Per Share. Since the release of its earnings report, ManpowerGroup lost 5.79%.
After closing at $74.49 on Monday, ManpowerGroup maintained a strong bullish bias that helped the stock close higher at $74.9 yesterday. However, market bears ensured the the prominent US employment agency topped out at $75.2 and that by the end of the session, the market had marked out a distinct $73.43 to $75.2 range.
The workforce solutions provider is now trading 15.21% below its 3-month high of $95.59. ManpowerGroup has a market cap of $3.80 billion with an average daily trading volume of 317,625 shares.
The data storage spearhead has recovered almost all of its session losses after dipping down to $55.97 yesterday.
The data storage specialist has shed 18.48% over the past three months. So far this year, it has performed better than the S&P by 0.49%. Currently, the data storage specialist has a market capitalization of $11.58 billion with an average daily volume of 2.60 million shares.
Fifth Third Bancorp | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.69 per share Thursday, falling short of expectations of 0.79. Revenue was also lower than expected at $2.21 billion versus $2.23 billion. Fifth Third Bancorp lost 8.42% since the release of its earnings report.
Early in yesterday's session, Fifth Third Bancorp dropped to $25.52 from $27.06 at the end of Monday, before closing at $25.66. During the session, it lost 5.17%.
Daily trading volume (9.23 million shares) was slightly greater than the current multiday average of 7.42 million.