Gilat Satellite Networks Ltd., Six Flags Entertainment Corporation, Globus Medical, Inc. and other stocks published their quarterly earnings. Here's what you need to know.
The leading indices are currently lower — Nasdaq trades at 12,200 after losing 0.5%. S&P 500 trades at 4,126 after losing 0.3%.
3Rd quarter earnings season is mostly over, with AECOM & 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 are down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Gilat: EPS of 0.14, Revenue of $27.72 million
Following the release of quarterly results, Gilat Satellite Networks Ltd. trades at $5.57.
The Israeli VSAT satellite ground station company closed yesterday at $5.43. Today, it went up to $5.74 only to drop back, but is still positive overall — trading around $5.57. The trading volume is at 175,993, 162% above the 21-day average of 108,739.
Six Flags | Extends $5.37 since strong earnings report yesterday
Six Flags released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.76 per share on revenue of $279.88 million, topping estimates of -0.85 per share on revenue of $132.56 million. Since the release of its earnings report, Six Flags gained 23.93%.
From an earlier low of $26.23, the US amusement park operator is on track to end the session around $27.81 after gaining $1.19 compared to last trading session's $26.62 (4.47%). The trading volume is at 2.77 million, 114% above the 21-day average of 2.42 million.
Globus Medical | Retains upward momentum since earnings report Thursday
Globus is down despite the fact that on Thursday the company released its quarterly earnings, beating analysts estimates. The company reported earnings of 0.53 per share on revenue of $276.69 million, topping estimates of 0.51 per share on revenue of $254.9 million.
The medical device company is sharply lower after losing 2.08%, declining as low as $56.96 at the end of the trading session.
Over the past 3 months, the musculoskeletal device solutions provider has retreated 26.95% from a noteworthy peak of $79.63. The company is currently trading with a market cap of $5.71 billion with an average daily volume of 1.45 million shares.
Live Nation Entertainment | Retains upward momentum since earnings report Thursday
Live Nation Entertainment released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.25 per share on revenue of $3.13 billion, topping estimates of -0.45 per share on revenue of $2.32 billion. Since the release of its earnings report, Live Nation Entertainment gained 16.78%.
As the end of the session approaches, a small gain for the global entertainment company at $78.56 after ranging between $77 and $78.95 today.