| 
May 07, 2023
Globus Medical, Inc., Live Nation Entertainment Inc, IDACORP, Inc. are the ones to read about today.
Leading equity indices in the US rose as Dow Jones closed the day at 33,674, having gained 1.65%. S&P 500 gained 1.85% and closed at 4,136.25.
Spectrum Brands Holdings, Inc. & Nova Ltd. due to release their earnings reports within the following 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 were up and stocks have released their quarterly earnings reports. Have a look.
Globus Medical | Extends $1.64 since strong earnings report Thursday
Globus Medical, Inc. released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.53 per share on revenue of $276.69 million, topping estimates of 0.51 per share on revenue of $254.9 million. Since the release of its earnings report, Globus Medical, Inc. gained 2.89%.
Pronounced bullish sentiment in the market helped the musculoskeletal device solutions provider to make a notable 3.29% gain Friday, rising $1.86 and ultimately closing at $58.45. Daily trading volume (3.42 million shares) was above the current multiday average of 1.47 million.
Live Nation Entertainment | Retains upward momentum since earnings report Thursday
Live Nation Entertainment released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.25 per share on revenue of $3.13 billion, topping estimates of -0.45 per share on revenue of $2.32 billion. Since the release of its earnings report, Live Nation Entertainment gained 14.7%.
After ending Thursday's session at $67.07, Live Nation Entertainment went up to $79.07 Friday only to fall back and close at $77.16.
The live entertainment specialist has fallen back around 32.28% over the past 8 months, from a notable high of $99.04. So far this year, it has been beating the S&P by 6.43%. The company's market cap currently stands at $17.87 billion with an average daily trading volume of 1.63 million shares.
IDACORP | Extends 15 cents since strong earnings report Thursday
IDACORP was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 1.11 per share on revenue of $429.66 million, topping estimates of 0.92 per share on revenue of $320.76 million.
After ending Thursday at $111.53, IDACORP dropped to $110.43 early in Friday's session and closed at $110.97. In total, it lost 0.5%. Daily trading volume (231,806 shares) was above the current multiday average of 165,240.
Kellogg's: rises above expectations
The company released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 1.1 per share on revenue of $4 billion, topping estimates of one per share on revenue of $3.95 billion. Since the release of its earnings report, Kellogg's lost 1.65%.
Without a clear direction, Kellogg's closed at $70.35 while ranging between $70.17 and $71.17. Daily trading volume (2.66 million shares) increased, making up 136% of the 21-day average (1.95 million).
