Oshkosh Corporation, Royal Gold, Inc., Oshkosh Corporation and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
The leading indices are slipping — Dow Jones slipping 0.59% and closing at 34,227. S&P 500 trades at 4,046.27 after losing 0.62%.
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.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Following the release of quarterly results, Oshkosh Corporation trades at $89.52.
Oshkosh Corporation is down to $89.52, after ending Friday at $90.81. Overall, a 1.42% loss or $1.29 today.
Oshkosh Corporation hit a significant low of $70.29 around 2 months ago, but has since recovered 29.19%. The Nasdaq has been doing worse in 2022, it has been passing it by 17.8%. Oshkosh Corporation is currently trading with a market cap of $5.85 billion with an average daily volume of 327,647 shares.
Royal Gold | Bounces $6.67 since downbeat earnings report Tuesday
The company reported earnings of 0.71 per share Tuesday, falling short of expectations of 0.73. Revenue was also lower than expected at $131.43 million versus $140 million. Although earnings did not match projections, Royal Gold gained 6.33% since the release of its earnings report.
Royal Gold is down to $111.88, after ending Friday at $113.72. Overall, a 1.62% loss or $1.84 today.