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May 17, 2023
Doximity, Inc., Home Depot, Keysight Technologies Inc and other stocks have published their quarterly earnings.
Leading equity indices in the US rose as Dow Jones gained 1.24% and closed at 33,421. S&P 500 closed the day at 4,158.77, having gained 1.19%.
Kohl's Corporation & Splunk Inc 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.
Doximity: mixed results
Doximity, Inc. reported earnings results yesterday; with EPS at 0.2; these results are inconclusive when compared to a consensus of 0.17 Earnings Per Share. Since the release of its earnings report, Doximity, Inc. lost 6.41%.
A tough start to the session saw price action reach a low of $30.7 before closing at $31.95. Daily trading volume (4.74 million shares) increased, making up 370% of the 21-day average (1.28 million).
Home Depot: mixed results
Home Depot reported earnings results yesterday, with EPS at 3.82 and revenues at $37.26 billion; these results are mixed when compared to a consensus of 3.8 Earnings Per Share and $38.31 billion revenue. Since the release of its earnings report, Home Depot gained 1.33%.
The DIY home improvement retailer rose as high as $294.05 before giving up its gains and dropping back to $292.39 before the close on today. Daily trading volume (7.94 million shares) was above the current multiday average of 3.95 million.
Keysight Technologies | Extends $8.86 since strong earnings report yesterday
Keysight released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 2.12 per share on revenue of $1.39 billion, topping estimates of 1.95 per share on revenue of $1.38 billion. Since the release of its earnings report, Keysight gained 5.95%.
Keysight Technologies ended yesterday's session at $146.52. today started with an increase to $161.65, but dropped back and closed at $157.66. Daily trading volume (2.63 million shares) increased, making up 216% of the 21-day average (1.22 million).
NanoVibronix: mixed results
NanoVibronix reported inconclusive earnings results yesterday, with revenue at $354,000, compared to a consensus of $150,000. Since the publication of its earnings report, NanoVibronix has declined 0.64%.
During today's session, NanoVibronix toiled and struggled for upward momentum before closing at $3.78. By the close, the the medical device company suffered a 11.44 cents or 2.94% loss. Today's trading volume was 3,116 shares which is lower than the 21-day average of 12,098.
