Black Knight, Inc., Grocery Outlet Holding Corp., Hayward Holdings, Inc. and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as Dow Jones was down 0.71% before closing the session at 32,657. S&P 500 closed at 3,970, a 0.3% change.
3Rd quarter earnings season is mostly over, with Advance Auto Parts Inc & Iovance Biotherapeutics, 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.
Black Knight: mixed results
Black Knight, Inc. reported inconclusive earnings results yesterday, with EPS at 0.61 and revenues at $383.5 million. Since the release of its earnings report, Black Knight, Inc. lost 2.05%.
Early in yesterday's session, Black Knight dropped to $59.14 from $60.85 at the end of Monday, before closing at $59.6. During the session, it lost 2.05%.
Daily trading volume (1.53 million shares) increased, making up 127% of the 21-day average (1.21 million).
Grocery Outlet | Positive surprise yesterday
Grocery Outlet was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.2 per share on revenue of $930.83 million, topping estimates of 0.17 per share on revenue of $907.47 million.
After a mostly steady day, the US supermarket outlet lost 2.24% deep into the session, closing at $27.05. Daily trading volume (2.16 million shares) was higher than the current multiday average of 900,618.
Hayward Holdings: mixed results
The company reported mixed earnings results yesterday, with EPS at 0.27 and revenues at $258.97 million. Since the release of its earnings report, Hayward Holdings lost 3%.
After ending Monday at $12.69, Hayward Holdings dropped to $11.81 early in yesterday's session and closed at $12.31. In total, it lost 3%.
This year has been a bright one for the pool equipment vendor after trading as low as $8.13 and going on to appreciate by 22.97% year to date. The company has a market cap of $2.60 billion with an average daily volume of 1.54 million shares.