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May 08, 2023
Six Flags Entertainment Corporation, Globus Medical, Inc., Live Nation Entertainment Inc are the ones to read about today.
Markets closed higher Friday, as Dow Jones ended the session at 33,674 after a 1.65% gain. S&P 500 closed the day at 4,136.25, having gained 1.85%.
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.
Six Flags: rises above expectations
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 is now trading 23.28% below its 3-month high of $31.05. The company has a market cap of $1.87 billion with an average daily volume of 2 million shares.
Globus Medical | 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%.
The musculoskeletal device solutions provider went up to $58.45, gaining 3.29%.
The medical device company is now trading 28.93% below the significant high of $79.63 it set around 3 months ago. Globus Medical has a market cap of $5.86 billion with an average daily trading volume of 1.47 million shares.
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%.
The global entertainment company rose as high as $79.07 before giving up its gains and dropping back to $77.16 before the close on Friday.
Having soared to a high of $99.04 approximately 8 months ago, the global entertainment company is now trading 32.28% lower. The S&P 500 has been doing worse in 2022, it has been passing it by 6.43%. Live Nation Entertainment'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) increased, making up 140% of the 21-day average (165,240).
