MongoDB, Inc., Elastic N.V., Broadcom are the ones to read about today.

Leading equity indices in the US rose as Dow Jones gained 2.12% and closed at 33,763. S&P 500 closed the day at 4,282.37, having gained 1.45%.

NIO Inc. & The Toro Company 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.

MongoDB: mixed results

MongoDB, Inc. reported earnings results Thursday, with EPS at -1.15 and revenues at $368.28 million; these results are mixed when compared to a consensus of 0.19 Earnings Per Share and $347.15 million revenue. Since the release of its earnings report, MongoDB, Inc. gained 28.08%.

After closing Thursday at $293.96, MongoDB closed at $376.3 yesterday after climbing to $397.98 and dropping back down.

The past 3 months have been positive for the database developer as it added 139.03% compared to its 3-month low of $137.35. The Nasdaq has been doing worse in 2022, it has been passing it by 149.38%. MongoDB's market cap currently stands at $26.54 billion with an average daily volume of 2.29 million shares.

Elastic: mixed results

Elastic reported inconclusive earnings results Thursday, with revenue at $279.94 million, compared to a consensus of $277.36 million. Since the publication of its earnings report, Elastic has declined 0.73%.

Elastic rallied 0.88% and ended the session at $72.29. Daily trading volume (3.73 million shares) was above the current multiday average of 1.26 million.

Broadcom: mixed results

Broadcom reported earnings results Thursday, with EPS at 8.39 and revenues at $8.73 billion; these results are mixed when compared to a consensus of 10.08 Earnings Per Share and $8.71 billion revenue. Since the release of its earnings report, Broadcom gained 0.5%.

After ending Thursday at $789.95, Broadcom spiked to $823.77 yesterday, dropped back to starting point range, and rallied again to $812.

Approximately 8 days ago, the semiconductors design company reached a significant high of $812.73 but has struggled to hold onto its gains and declined 2.8% since then. So far this year, it has been beating the Nasdaq by 26.87%. The company has a market cap of $338.54 billion with an average daily trading volume of 3.72 million shares.

ChargePoint Holdings: mixed results

ChargePoint Holdings reported earnings results Thursday; with EPS at -0.26, these results are ambiguous when compared to a consensus of -0.17 Earnings Per Share. Since the release of its earnings report, ChargePoint Holdings lost 6.2%.

Pronounced bearish sentiment in the market pushed the electric vehicle infrastructure company into a notable 6.97% slide yesterday, falling 68 cents and ultimately closing at $9.07. Daily trading volume (18.81 million shares) was above the current multiday average of 8.95 million.

Hormel Foods: mixed results

Hormel Foods reported earnings results Thursday, with EPS at 0.48 and revenues at $2.98 billion; these results are mixed when compared to a consensus of 0.4 Earnings Per Share and $3 billion revenue. Since the release of its earnings report, Hormel Foods gained 6.59%.

After dipping down to $40.19, Hormel Foods regained earlier losses and reached $40.77. Daily trading volume (3.52 million shares) increased, making up 139% of the 21-day average (2.54 million).