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June 23, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Adobe, Jabil Inc. are the ones to read about today.
Markets closed higher yesterday; Nasdaq ended the session at 13,631 after a 0.95% gain. S&P 500 gained 0.37% and closed at 4,382.
The earnings season is coming to an end and Carmax Inc and Accenture plc Class A (Ireland) have release their reports.
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.
Centrais Electricas Brasileiras loses 1.69%, closes at $8.15 ahead of quarterly report Monday
Centrais Elétricas Brasileiras S.A. – Eletrobrás trades at $8.15 ahead of quarterly performance report which is scheduled to be released Monday.
Early in yesterday's session, Centrais Electricas Brasileiras dropped to $8.07 from $8.29 at the end of Wednesday, before closing at $8.15. During the session, it lost 1.69%. Trading volume totalled 1.14 million which equates to around 74% of the stock's 21-day average yesterday.
Without a clear direction, Adobe closed at $477.58 while ranging between $473.08 and $481. Yesterday's trading volume was 3.45 million shares which is under the 21-day average of 5.76 million.
Pronounced bearish sentiment in the market pushed the worldwide manufacturing services company into a notable 1.21% slide yesterday, falling $1.27 and ultimately closing at $103.85.
The worldwide manufacturing services company has fallen back around 0.73% over the past 3 days, from a notable high of $105.89. So far this year, it has been beating the Nasdaq by 29.55%. Currently, the manufacturing company has a market capitalization of $13.78 billion with an average daily volume of 1.24 million shares.
An influx of sellers pushed the home construction and real estate company to session lows around $120.64 while establishing a $120.64 to $121.91 session range yesterday. Trading volume totalled 1.79 million which equates to around 60% of the stock's 21-day average yesterday.
