MongoDB, Inc., Elastic N.V., Broadcom and other stocks published their quarterly earnings. Here's what you need to know.

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

Aurora Cannabis Inc. & Science Applications International Corporation have released their earnings reports with Oracle & HEXO Corp. are set to publish their respective reports as scheduled.

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%.

The database developer topped out at $397.98 having ended Friday at $376.3. However, despite early momentum, the stock gave up its gains to now trade at $376.3. Daily trading volume (9.13 million shares) increased, making up 400% of the 21-day average (2.29 million).

Elastic: mixed results

Elastic reported earnings results Thursday; with EPS at -0.64, these results are ambiguous when compared to a consensus of 0.1 Earnings Per Share. Since the release of its earnings report, Elastic lost 0.73%.

Elastic rallied 0.88% and ended the session at $72.29. Daily trading volume (4.23 million shares) was higher than 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 closing at $789.95 on Thursday, Broadcom rallied as high as $823.77 but ended the day at $812.

The semiconductors design company reached a significant high of $812.73 around 10 days ago but has lost 2.8% since then. The Nasdaq has been doing worse in 2022, it has been passing it by 26.87%. Currently, the semiconductors design company has a market capitalization of $338.54 billion with an average daily trading volume of 3.72 million shares.

ChargePoint Holdings: mixed results

ChargePoint Holdings reported inconclusive earnings results Thursday, with revenue at $130 million, compared to a consensus of $128.14 million. Since the publication of its earnings report, ChargePoint Holdings has declined 6.2%.

An influx of sellers pushed the EV infrastructure company to session lows around $9.07 while establishing a $9.07 to $10 session range Friday. Daily trading volume (18.96 million shares) increased, making up 212% of the 21-day average (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 (3.69 million shares) was higher than the current multiday average of 2.54 million.