| 
June 12, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Campbell Soup Co, GameStop Corp. and other stocks have published their quarterly earnings.
Markets closed higher Friday; Dow Jones ended the session at 33,877 after a 0.13% gain. Nasdaq gained 0.16% and closed at 13,259.
Oracle & Centrais Elétricas Brasileiras S.A. – Eletrobrás have released their earnings reports; Adobe & Coca-Cola Europacific Partners PLC 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. 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.
Centrais Electricas Brasileiras | Negative surprise today
Centrais Elétricas Brasileiras S.A. – Eletrobrás reported earnings of 0.32 per share and revenue at $9.21 billion.
Centrais Electricas Brasileiras rallied 2.21% and ended the session at $7.85.
Centrais Electricas Brasileiras hit a significant low of $5.75 around 2 months ago, but has since recovered 33.57%. So far this year, it has been doing worse than the Nasdaq by 13.53%. Centrais Electricas Brasileiras's market cap is currently $18.11 billion with an average daily volume of 1.28 million shares.
Campbell Soup: mixed results
Campbell Soup reported ambiguous earnings results Wednesday, with revenue at $2.23 billion, compared to a consensus of $2.23 billion. Since the release of its earnings report, Campbell Soup lost 8.97%.
Pronounced bearish sentiment in the market pushed the food and beverage manufacturer into a notable 1.54% slide Friday, falling 72 cents and ultimately closing at $46.05. Daily trading volume (3.35 million shares) increased, making up 106% of the 21-day average (3.18 million).
GameStop | Retains downward momentum since earnings report Wednesday
The company reported earnings of -0.52 per share Wednesday, falling short of expectations of -0.12. Revenue was also lower than expected at $1.24 billion versus $1.36 billion. GameStop lost 8.14% since the release of its earnings report.
After ending Thursday at $21.44, GameStop spiked to $23.42 Friday, dropped back to starting point range, and rallied again to $22.68. Daily trading volume (10.30 million shares) was above the current multiday average of 5 million.
Smartsheet: mixed results
Smartsheet reported earnings results Wednesday; with EPS at -0.53 and revenues at $219.89 million, these results are mixed compared to a consensus of 0.08 Earnings Per Share and $214 million revenue. Since the release of its earnings report, Smartsheet lost 24.84%.
An influx of sellers pushed the project management software company to end the session lower around $38.83, while establishing a $38.66 to $41.69 session range Friday. Daily trading volume (3.49 million shares) was higher than the current multiday average of 2 million.
