Delta Air Lines, Inc., Fastenal Co, Carmax Inc and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
The leading indices were losing ground — Dow Jones drawing back 0.71% to 33,800. Nasdaq slipping 0.85% and closing at 12,063.
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 are down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Delta Air Lines: mixed results
Delta Air Lines, Inc. reported inconclusive earnings results yesterday, with revenue at $12.76 billion, compared to a consensus of $11.99 billion. Since the publication of its earnings report, Delta Air Lines, Inc. has declined 1.07%.
Without a clear-cut direction, Delta Air Lines is trading around $33.38 and ranging between $33.02 and $34.
The major US airline has shed 12.64% over the past three months. So far this year, it has been doing worse than the Nasdaq by 12.29%. The company has a market cap of $21.40 billion with an average daily trading volume of 11.89 million shares.
Fastenal: EPS of 0.52, Revenue of $1.86 billion
Following the release of quarterly results, Fastenal trades at $53.
After closing the previous trading day at $52.34, Fastenal went up to $53.9 only to drop back; still positive overall today, now trading at $53.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax trades at $69.
Without a clear-cut direction, Carmax is trading around $69 and ranging between $68.49 and $71.5.