Broadcom, Shinhan Financial Group Co., Ltd., Costco are the ones to read about today.

Leading equity indices in the US rose as S&P 500 ended the session at 4,045.64 after a 1.61% gain. Nasdaq closed the day at 11,700, having gained 1.97%.

3Rd quarter earnings season is mostly over, with Marvell Technology Group Ltd and Best Buy Co Inc releasing their earnings reports just this 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.

Broadcom | Retains upward momentum since earnings report Thursday

Broadcom released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 9.83 per share on revenue of $8.91 billion, topping estimates of 9.38 per share on revenue of $8.90 billion. Since the release of its earnings report, Broadcom gained 6.6%.

Having closed Thursday at $598.65, bullish sentiment helped Broadcom to reach highs around $635.73 before paring gains and ending Friday at $632.76. Daily trading volume (4.45 million shares) was higher than the current multiday average of 2 million.

Shinhan Financial | Retains downward momentum since earnings report Thursday

The company reported earnings of 0.68 per share and revenue at $4.92 trillion. Since the release of its earnings report Thursday, Shinhan Financial lost 3.3%.

Bullish sentiment helped the investment banking and insurance firm to hammer out a noteworthy $28.3 to $28.78 range Friday, and finally closing at $28.76 to end the session.

A month ago the Korean fintech company reached a significant high of $36.62 but has consequently lost 22.42% since then. So far this year, it has been doing worse than the Nasdaq by 6.64%. The company has a market cap of $14.63 billion with an average daily volume of 131,602 shares.

Costco: mixed results

The company reported mixed earnings results Thursday, with EPS at 3.3 and revenues at $54.44 billion. Since the release of its earnings report, Costco lost 0.71%.

Early in Friday's session, Costco dropped to $465.36 from $485.69 at the end of Thursday, before closing at $475.26. During the session, it lost 2.15%.

Having set a significant high of $608.05 10 months ago, the wholesale giant is trading 20.12% lower. So far this year, it has been under-performing the Nasdaq by 6.62%. Costco is currently trading with a market cap of $210.89 billion with an average daily trading volume of 1.85 million shares.

Elastic: EPS of -0.39, Revenue of $274.57 million

Following the release of quarterly results, Elastic trades at $63.93.

The US-Dutch search company went up to $63.93, gaining 9.45%. Daily trading volume (3.71 million shares) was above the current multiday average of 1.13 million.