MongoDB, Inc., Campbell Soup Co, Asana, Inc. and other stocks have published their quarterly earnings.
The leading indices are slipping — S&P 500 drawing back 0.9% to 3,956. Dow Jones trades at 32,547 after losing 0.77%.
3Rd quarter earnings season is mostly over, with Asana, Inc. and ZIM Integrated Shipping Services Ltd. 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.
MongoDB: beats estimations
MongoDB, Inc. released its quarterly earnings yesterday, beating analysts estimates. The company reported earnings of -0.98 per share on revenue of $361.31 million, topping estimates of -1.18 per share on revenue of $303.47 million. Since the release of its earnings report, MongoDB, Inc. lost 6.44%.
Tough session sees the software company shedding 8.5% in early trade
3 months ago, the database developer fell to a low of $137.35 but has since recovered 66.51%. So far this year, it has been outperforming the Nasdaq by 9.63%. The database developer's market cap currently stands at $14.50 billion with an average daily volume of 1.50 million shares.
Campbell Soup | Retains upward momentum since earnings report yesterday
Campbell Soup released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.8 per share on revenue of $2.48 billion, topping estimates of 0.73 per share on revenue of $2.44 billion. Since the release of its earnings report, Campbell Soup gained 2.49%.
Campbell Soup goes up to $53.43 after dipping down to $52.3 earlier.
Having soared to a high of $57.55 approximately 2 months ago, the food and beverage manufacturer is now trading 7.66% lower. So far this year, it has been under-performing the S&P 500 by 9.65%. Currently, the defensive consumer stock has a market capitalization of $16 billion with an average daily trading volume of 2.43 million shares.
Asana | Extends $3.66 since strong earnings report yesterday
Asana released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.4 per share on revenue of $150.23 million, topping estimates of -0.47 per share on revenue of $145.12 million. Since the release of its earnings report, Asana gained 20.91%.
After closing yesterday at $17.8, the digital team enabler went up to $22.95 only to drop back some of the way, and is now trading at $21.14. Current trading volume stands at 23 million; 721% higher than the 21-day average of 3.20 million.
Thor Industries | Retains downward momentum since earnings report Tuesday
The company reported earnings of 0.5 per share Tuesday, falling short of expectations of 1.1. Revenue was also lower than expected at $2.35 billion versus $2.52 billion. Thor Industries lost 6.52% since the release of its earnings report.
The travel trailers and campers company slides down from $88.44 to $86.54, losing $1.9 (2.15%).