Omega Healthcare Investors, Inc., Post Holdings, Inc., United States Steel Corporation are the ones to read about today.
The leading indices are falling — S&P 500 slipping 0.56% and closing at 4,113.43. Nasdaq drawing back 0.73% to 11,920.
Hartford Financial Services Group Inc & Omega Healthcare Investors, Inc. have released their earnings reports with Palantir Technologies Inc. and Advance Auto Parts Inc are set to publish their respective reports as scheduled.
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.
Omega Healthcare Investors | Retains downward momentum since earnings report Friday
The company reported earnings of 0.19 per share Friday, falling short of expectations of 0.55. Revenue was also lower than expected at $144.85 million versus $222 million. Since the release of its earnings report, Omega Healthcare Investors, Inc. lost 6.73%
The US REIT slides down from $28.72 to $28, losing 72 cents (2.58%).
The US REIT has shed 11.28% over the past three months. So far this year, it has been doing worse than the Nasdaq by 10.77%. The triple-net equity REIT's market cap currently stands at $6.55 billion with an average daily trading volume of 2.54 million shares.
Post Holdings | Extends 91 cents since strong earnings report Friday
Post Holdings is down despite the fact that on Friday the company released its quarterly earnings, beating analysts estimates. The company reported earnings of 1.08 per share on revenue of $1.57 billion, topping estimates of 0.68 per share on revenue of $1.49 billion.
Although Post Holdings increased from $95.35 to $98.84, the stock dropped back and is now priced at $94.97.
U.S. Steel: mixed results
U.S. Steel reported earnings results Friday, with EPS at 0.87 and revenues at $2.40 billion; these results are mixed when compared to a consensus of 0.63 Earnings Per Share and $3.94 billion revenue. Since the release of its earnings report, U.S. Steel gained 2.29%.
The juggernaut US steelmaker is recovering some losses, but is not all the way back to $30.05, after dipping down to $29.33 today.
Cirrus Logic | Extends $9.95 since strong earnings report Thursday
Cirrus Logic released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 2.4 per share on revenue of $590.58 million, topping estimates of 1.99 per share on revenue of $462.73 million. Since the release of its earnings report, Cirrus Logic gained 10.67%.
Currently trading at $103.19, Cirrus Logic remains range-bound between $99.97 and $103.51.