RPM International Inc., Constellation Brands Inc, Lamb Weston Holdings Inc and other stocks have published their quarterly earnings.

Leading equity indices in the US rose as Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 closed the day at 4,105, having gained 0.36%.

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 | better than expected earnings Thursday

RPM International Inc. was down, even though its quarterly earnings released on Thursday 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.

After ending Wednesday at $84.33, RPM International dropped to $79.47 early in Thursday's session and closed at $81.19. In total, it lost 3.72%. Daily trading volume (2.21 million shares) was higher than the current multiday average of 842,537.

Constellation Brands | Extends $3.2 since strong earnings report Thursday

Constellation Brands released its quarterly earnings report Thursday, 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%.

Constellation Brands ended Wednesday's session at $221.44. Thursday started with an increase to $226.5, but dropped back and closed at $224.64.

Having soared to a high of $261.05 approximately 4 months ago, the beer, wine and spirits producer is now trading 15.17% lower. So far this year, it has been under-performing the S&P 500 by 8.19%. The company is currently trading with a market cap of $41.45 billion with an average daily trading volume of 1.28 million shares.

Lamb Weston | Retains upward momentum since earnings report Thursday

Lamb Weston released its quarterly earnings report Thursday, 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 (3.75 million shares) was higher than the current multiday average of 1.60 million.

Levi Strauss & Co | Positive surprise Thursday

Levi Strauss & Co was down, even though its quarterly earnings released on Thursday 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.

After ending Wednesday at $18.03, Levi Strauss & Co declined to $15.04 Thursday before closing at $15.14, thereby losing 16.03% in total. Daily trading volume (20.36 million shares) was higher than the current multiday average of 3.16 million.