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May 08, 2023
Six Flags Entertainment Corporation, Globus Medical, Inc., Live Nation Entertainment Inc and other stocks published their quarterly earnings. Here's what you need to know.
Markets were up Friday; Dow Jones ended the session at 33,674 after a 1.65% gain. S&P 500 gained 1.85% and closed at 4,136.25.
3Rd quarter earnings season is mostly over, with Tyson Foods Inc and Palantir Technologies Inc. releasing their earnings reports just this 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.
Six Flags | better than expected earnings today
Six Flags Entertainment Corporation released its quarterly earnings today, beating analysts estimates. The company reported earnings of -0.76 per share on revenue of $279.88 million, topping estimates of -0.85 per share on revenue of $132.56 million.
The US amusement park operator went up to $22.44, gaining 1.17%.
The US amusement park operator has shed 23.28% over the past three months. Six Flags has a market cap of $1.87 billion with an average daily trading volume of 2 million shares.
Globus | Extends $1.64 since strong earnings report Thursday
Globus 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 gained 2.89%.
An influx of buyers helped the medical device company to end the session higher around $58.45, while establishing a $57.05 to $58.62 session range Friday. Daily trading volume (3.42 million shares) increased, making up 234% of the 21-day average (1.47 million).
Live Nation Entertainment | Extends $9.89 since strong 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 closing Friday at $77.16, the global entertainment company peaked at $79.07 before giving up early gains and closing at $77.16. Daily trading volume (6.37 million shares) was higher than the current multiday average of 1.63 million.
