RPM International Inc., Constellation Brands Inc, Lamb Weston Holdings Inc are the ones to read about today.

Markets closed higher Thursday; Nasdaq closed the day at 12,100, having gained 0.76%. S&P 500 gained 0.36% and closed at 4,105.

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 were up and stocks have released their quarterly earnings reports. Have a look.

RPM International: rises above expectations

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.

Early in Thursday'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%.

This year has been a gloomy one for the US coatings multinational after trading as high as $104.57 and going on to lose 16.5% of its value. So far this year, it has been doing worse than the Nasdaq by 30.68%. Currently, the US coatings specialist has a market capitalization of $10.48 billion with an average daily trading volume of 842,537 shares.

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%.

After ending Wednesday's session at $221.44, Constellation Brands went up to $226.5 Thursday only to fall back and close at $224.64. Daily trading volume (2 million shares) was above the current multiday average of 1.28 million.

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%.

Pronounced bullish sentiment in the market helped the Idaho-based food giant to make a notable 2.58% gain Thursday, rising $2.69 and ultimately closing at $106.86. Daily trading volume (3.75 million shares) was above the current multiday average of 1.60 million.

Levi Strauss & Co | better than expected earnings 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.

Acuity Brands: mixed results

Acuity Brands 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 (636,749 shares) increased, making up 150% of the 21-day average (425,523).