RPM International Inc., Constellation Brands Inc, Lamb Weston Holdings Inc are the ones to read about today.
Leading equity indices in the US rose as Nasdaq closed the day at 12,100, having gained 0.76%. S&P 500 ended the session at 4,105 after a 0.36% gain.
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 were up and stocks have released their quarterly earnings reports. Have a look.
RPM International: EPS of zero, Revenue of $1.52 billion
Following the release of quarterly results, RPM International Inc. trades at $81.19.
After ending Wednesday at $84.33, RPM International declined to $79.47 yesterday before closing at $81.19, thereby losing 3.72% in total. Daily trading volume (2.19 million shares) was above the current multiday average of 842,537.
Constellation Brands: EPS of zero, Revenue of $2.15 billion
Constellation Brands trades at $224.64 after the company released its quarterly results.
The beer, wine and spirit maker topped out at $226.5 having ended yesterday at $224.64. However, despite early momentum, the stock gave up its gains to now trade at $224.64.
Approximately 4 months ago, the beer, wine and spirits producer reached a significant high of $261.05 but has struggled to hold onto its gains and declined 15.17% since then. So far this year, it has been doing worse than the S&P by 8.19%. Constellation Brands has a market cap of $41.45 billion with an average daily volume of 1.28 million shares.
Lamb Weston: EPS of zero, Revenue of $1.25 billion
Lamb Weston trades at $106.86 after the company released its quarterly results.
The food processing company went up to $106.86, gaining 2.58%.
A day ago the Idaho-based food giant reached a significant high of $106.86 but has consequently lost 2.52% since then. So far this year, it has been outperforming the S&P 500 by 16.32%. Currently, the Idaho-based food giant has a market capitalization of $15.37 billion with an average daily trading volume of 1.60 million shares.
Levi Strauss & Co: EPS of zero, Revenue of $1.69 billion
Following the release of quarterly results, Levi Strauss & Co trades at $15.14.
Early in yesterday's session, Levi Strauss & Co dropped to $15.04 from $18.03 at the end of Wednesday, before closing at $15.14. During the session, it lost 16.03%. Daily trading volume (20.31 million shares) increased, making up 644% of the 21-day average (3.16 million).
Acuity Brands: mixed results
The company reported earnings results Tuesday; with EPS at 2.79 and revenues at $943.6 million, these results are mixed compared to a consensus of 2.28 Earnings Per Share and $958.98 million revenue. Since the release of its earnings report, Acuity Brands lost 13.46%.
Grinding lower but with no clear-cut direction, the lighting and building management firm closed the session at $158.66 after forming a distinct $157.72 – $161.83 range. Daily trading volume (630,613 shares) was above the current multiday average of 425,523.