Oshkosh Corporation, Oshkosh Corporation, MongoDB, Inc. are the ones to read about today.
The leading indices are slipping — Nasdaq drawing back 0.57% to 10,952. S&P 500 slipping 0.31% and closing at 3,929.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets are down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Oshkosh Corporation: fails to meet forecast
Oshkosh Corporation reported earnings of one per share and revenue at $2 billion.
Oshkosh Corporation is down to $86.95, after ending yesterday at $88.24. Overall, a 1.46% loss or $1.29 today.
Having set a significant high of $124.5 2 months ago, the US industrial truck company is trading 25.54% lower. So far in 2022, it has performed better than the Nasdaq by 21.14%. The company has a market cap of $5.69 billion with an average daily volume of 335,776 shares.
MongoDB | Extends $28.05 since strong earnings report yesterday
MongoDB released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -1.23 per share on revenue of $333.62 million, topping estimates of -1.48 per share on revenue of $303.39 million. Since the release of its earnings report, MongoDB gained 18.86%.
After closing yesterday at $144.69, the database developer went up to $186.75 only to drop back some of the way, and is now trading at $176.77.
The software company is now trading 74.13% below the significant high of $559.19 it set around 11 months ago. So far in 2022, it has been under-performing the Nasdaq by 26.58%. The company's market cap is $12.15 billion with an average daily volume of 2.12 million shares.