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February 28, 2023
Vimeo, Inc., Freshpet, Inc., ICU Medical, Inc. are the ones to read about today.
Leading equity indices in the US declined as Dow Jones lost 0.71% and ended the session at 32,657. S&P 500 closed at 3,970, a 0.3% change.
Thor Industries, Inc. & Tremor International Ltd due to release their earnings reports within the following week.
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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Vimeo | Retains upward momentum since earnings report yesterday
Vimeo, Inc. released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.03 per share on revenue of $105.56 million, topping estimates of -0.15 per share on revenue of $104.85 million. Since the release of its earnings report, Vimeo, Inc. gained 5.8%.
Vimeo ended yesterday at $3.58. today it went up to $3.94 only to drop back, yet still managed to close at $3.83. Daily trading volume (3.31 million shares) increased, making up 159% of the 21-day average (2 million).
Freshpet | Extends $1.12 since strong earnings report yesterday
Freshpet released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.06 per share on revenue of $165.83 million, topping estimates of -0.08 per share on revenue of $148.33 million. Since the release of its earnings report, Freshpet gained 1.83%.
A quiet day for Freshpet as it remained range-bound within a $61.28 – $63.83 range before closing at $62.18. The day's trading volume totalled 705,135 shares — slightly under the 21-day average of 745,606.
ICU Medical: mixed results
ICU Medical reported ambiguous earnings results yesterday, with revenue at $578 million, compared to a consensus of $578.77 million. Since the release of its earnings report, ICU Medical lost 3.6%.
After ending yesterday at $177.64, ICU Medical declined to $165.56 today before closing at $170.64, thereby losing 3.94% in total. Daily trading volume (456,100 shares) was higher than the current multiday average of 175,438.
MKS Instruments | Retains upward momentum since earnings report yesterday
MKS Instruments released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of two per share on revenue of $1 billion, topping estimates of 1.31 per share on revenue of $994 million. Since the release of its earnings report, MKS Instruments gained 5.91%.
After closing today at $96.93, the control instrumentation company peaked at $99.86 before giving up early gains and closing at $96.93. Daily trading volume (1.36 million shares) increased, making up 193% of the 21-day average (704,321).
