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June 28, 2023
TD SYNNEX, Centrais Elétricas Brasileiras S.A. – Eletrobrás, Canopy Growth Corporation are the ones to read about today.
Markets closed higher yesterday; Nasdaq ended the session at 13,556 after a 1.65% gain. S&P 500 gained 1.15% and closed at 4,378.41.
The earnings season is coming to an end and General Mills Inc and BlackBerry Limited 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. 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.
Synnex: mixed results
TD SYNNEX reported earnings results yesterday; with EPS at 2.66; these results are inconclusive when compared to a consensus of 2.55 Earnings Per Share. Since the release of its earnings report, TD SYNNEX lost 5%.
After ending Monday at $97.7, Synnex declined to $87.67 yesterday before closing at $92.82, thereby losing 5% in total. Daily trading volume (1 million shares) increased, making up 243% of the 21-day average (442,941).
Centrais Electricas Brasileiras loses 1.96%, closes at $8 ahead of quarterly report Monday
The company trades at $8 ahead of quarterly performance report which is scheduled to be released Monday.
Early in yesterday's session, Centrais Electricas Brasileiras dropped to $7.84 from $8.15 at the end of Monday, before closing at $8. During the session, it lost 1.96%. The day's trading volume totalled 1.11 million shares — slightly under the 21-day average of 1.38 million.
Canopy Growth: mixed results
Canopy Growth reported earnings results Thursday; with EPS at -0.42, these results are ambiguous when compared to a consensus of -0.15 Earnings Per Share. Since the release of its earnings report, Canopy Growth lost 20.97%.
After ending Monday at 51.74 cents, Canopy Growth dropped to 46.92 cents early in yesterday's session and closed at 47.4 cents. In total, it lost 8.39%. Daily trading volume (16.32 million shares) increased, making up 132% of the 21-day average (12.39 million).
