Science Applications International Corporation, Oshkosh Corporation, Royal Gold, Inc. are the ones to read about today.
The leading indices are dropping — S&P 500 drawing back 1.08% to 3,955.77. Nasdaq slipping 1.44% and closing at 11,079.
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.
Science Applications International Corporation | Extends $4.9 since strong earnings report yesterday
Science Applications International Corporation released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.9 per share on revenue of $1.91 billion, topping estimates of 1.74 per share on revenue of $1.87 billion. Since the release of its earnings report, Science Applications International Corporation gained 4.48%.
A mostly flat day so far for the space mission integrator, range-bound between $112.86 and $115 and currently at $114.16.
The next-gen IT support company now trading 23.84% above its 3-month low of $79.1. Science Applications International Corporation is currently trading with a market cap of $6.29 billion with an average daily volume of 320,852 shares.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Oshkosh Corporation trades at $87.83 after the company released its quarterly results.
The US industrial truck company slides down from $87.92 to $87.83, losing 9.08 cents (0.1%).
Having set a significant high of $124.5 2 months ago, the specialty vehicle manufacturer is trading 25.08% lower. So far in 2022, it has performed better than the Nasdaq by 18%. Oshkosh Corporation has a market cap of $5.74 billion with an average daily trading volume of 333,120 shares.
After closing at $110.47 yesterday, Royal Gold began today at $111.86 with significant bullish sentiment driving Royal Gold's price action higher. So far today, price action has drawn out a distinct $110.51 to $112.44 range.
Royal Gold hit a significant low of $86.46 around 2 months ago, but has since recovered 27.77%. Royal Gold's market cap currently stands at $7.34 billion with an average daily trading volume of 425,144 shares.