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April 07, 2023
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 | Positive surprise yesterday
RPM International Inc. was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.37 per share on revenue of $1.52 billion, topping estimates of 0.3 per share on revenue of $1.47 billion.
Early in yesterday's session, RPM International dropped to $79.47 from $84.33 at the end of Wednesday, before closing at $81.19. During the session, it lost 3.72%. Daily trading volume (2.19 million shares) increased, making up 260% of the 21-day average (842,537).
Constellation Brands | Retains upward momentum since earnings report yesterday
Constellation Brands released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.98 per share on revenue of $2.15 billion, topping estimates of 1.86 per share on revenue of $2 billion. Since the release of its earnings report, Constellation Brands gained 1.45%.
After closing yesterday at $224.64, the beer, wine and spirit maker peaked at $226.5 before giving up early gains and closing at $224.64. Daily trading volume (1.98 million shares) increased, making up 155% of the 21-day average (1.28 million).
Lamb Weston | Retains upward momentum since earnings report yesterday
Lamb Weston released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.43 per share on revenue of $1.25 billion, topping estimates of 0.98 per share on revenue of $1.16 billion. Since the release of its earnings report, Lamb Weston gained 2.58%.
The Idaho-based food giant went up to $106.86, gaining 2.58%. Daily trading volume (3.96 million shares) increased, making up 247% of the 21-day average (1.60 million).
Levi Strauss & Co: beats estimations
Levi Strauss & Co was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.34 per share on revenue of $1.69 billion, topping estimates of 0.32 per share on revenue of $1.62 billion.
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).
