UnitedHealth, Delta Air Lines, Inc., Fastenal Co are the ones to read about today.
The leading indices are currently lower — Nasdaq slipping 0.38% and closing at 12,078. S&P 500 slipping 0.28% and closing at 4,126.
With Q1 earnings season getting underway, around 100% of US companies have missed market estimates so far. This past week, ManpowerGroup Inc. and F.N.B. Corporation published downbeat reports while Whirlpool Corp and Activision Blizzard are scheduled to release their results in the coming days.
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.
UnitedHealth: EPS of zero, Revenue of $91.93 billion
UnitedHealth trades at $504.08 after the company released its quarterly results.
The healthcare services provider is trading close to the $504.08 level today, after ending Friday at $511.79 and dropping 1.51%.
Delta Air Lines: EPS of zero, Revenue of $12.76 billion
Following the release of quarterly results, Delta Air Lines trades at $34.38.
The legacy US airline carrier trades at $34.38 today, after closing Friday at $33.77 and gaining 61.5 cents (1.82%).
Fastenal: EPS of zero, Revenue of $1.86 billion
Fastenal trades at $53 after the company released its quarterly results.
After dipping as low as $52.94, the industrial and construction supplies company is recovering ground lost since the previous session close ($53.27); currently trading at $53.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax trades at $68.75.
While bearish sentiment is dominating the market, the used car dealer is maintaining its poise around $68.75 while ranging between $68.45 and $69.75 so far today.
Approximately 8 months ago, the used car company reached a significant high of $104.22 but has struggled to hold onto its gains and declined 33.35% since then. So far this year, it has been beating the S&P by 6.96%. The company is currently trading with a market cap of $10.87 billion with an average daily volume of 3.14 million shares.