Jack Henry & Associates Inc, Fidelity National Financial, Inc., Globus Medical, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US declined as Dow Jones closed at 32,500, a 1.95% change. S&P 500 lost 2.08% and ended the session at 3,748.57.
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.
Jack Henry & Associates: mixed results
Jack Henry & Associates Inc reported mixed earnings results yesterday, with EPS at 1.46 (compared to a consensus of 1.4 Earnings Per Share) and revenue of $529.20 million.
Jack Henry & Associates shed 4.65%, falling to $172.52. Daily trading volume (1.12 million shares) increased, making up 221% of the 21-day average (506,382).
After ending Tuesday at $39.69, Fidelity National Financial dropped to $38.43 early in yesterday's session and closed at $38.7. In total, it lost 2.49%.
Having set a significant high of $55.87 a month ago, Fidelity National Financial is trading 14.18% lower. So far in 2022, it has performed better than the Nasdaq by 27.35%. The company's market cap is $10.69 billion with an average daily volume of 1.46 million shares.
Globus Medical: EPS of 0.5, Revenue of $254.15 million
Following the release of quarterly results, Globus trades at $61.59.
After ending Tuesday at $64.29, Globus Medical declined to $58.78 yesterday before closing at $61.59, thereby losing 4.2% in total.
Approximately 6 months ago, Globus Medical reached a significant high of $81.37 but has struggled to hold onto its gains and declined 21% since then. The company has a market cap of $6.13 billion with an average daily trading volume of 596,597 shares.