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May 16, 2023
Nova Ltd., Western Midstream Partners, LP, Gilat Satellite Networks Ltd. are the ones to read about today.
Markets closed higher yesterday, as Nasdaq gained 0.66% and closed at 12,365. S&P 500 closed the day at 4,136.28, having gained 0.3%.
Tencent Music Entertainment Group & Keysight Technologies Inc have released their earnings reports; CureVac N.V. & DICK'S Sporting Goods, Inc. will publish their respective reports in due course.
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.
Nova Measuring Instruments: EPS of 1.28, Revenue of $151.24 million
Nova Ltd. trades at $96.3 after the company released its quarterly results.
Ending Friday at $94.12, the chemical metrology solutions provider rallied 2.32% yesterday and stayed at the $96.3 level. Yesterday's trading volume was 70,130 shares which is slightly under the 21-day average of 101,994.
After ending Friday at $25.4, Western Midstream went up to $26.38 only to drop back, yet still traded well overall and closed at $26.05 yesterday.
The midstream oil and gas company is now trading 9.03% below its 3-month high of $29.48. So far this year, it has been doing worse than the Nasdaq by 14.95%. The natural gas distributor's market cap currently stands at $10 billion with an average daily trading volume of 729,339 shares.
Gilat ended Friday at $5.51. yesterday it went up to $5.64 only to drop back, yet still managed to close at $5.55.
Gilat hit a significant low of $4.58 around 20 days ago, but has since recovered 20.31%. The company's market cap currently stands at $314.21 million with an average daily volume of 119,146 shares.
