Western Midstream Partners, LP, Gilat Satellite Networks Ltd., Six Flags Entertainment Corporation are the ones to read about today.

Leading equity indices in the US declined as Nasdaq slipped 0.63% and closed at 12,180. S&P 500 lost 0.46% and ended the session at 4,119.17.

Take-Two Interactive Software Inc & WalkMe 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. 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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.

Western Midstream | Bounces 21 cents since downbeat earnings report yesterday

The company reported earnings of 0.52 per share yesterday, falling short of expectations of 0.618. Revenue was also lower than expected at $733.98 million versus $771.64 million. Although earnings did not match projections, Western Midstream Partners, LP gained 0.82% since the release of its earnings report.

Pronounced bullish sentiment in the market helped the natural gas distributor to make a notable 0.82% gain yesterday, rising 21 cents and ultimately closing at $25.75. Yesterday's trading volume was 336,863 shares which is lower than the 21-day average of 655,190.

Gilat: EPS of 0.14, Revenue of $27.72 million

Gilat trades at $5.55 after the company released its quarterly results.

After ending Monday at $5.43, Gilat went up to $5.74 only to drop back, yet still traded well overall and closed at $5.55 yesterday. Daily trading volume (216,919 shares) increased, making up 187% of the 21-day average (115,953).

Six Flags | Retains upward momentum since earnings report Monday

Six Flags released its quarterly earnings report Monday, beating analysts estimates. The company reported earnings of -0.76 per share on revenue of $279.88 million, topping estimates of -0.85 per share on revenue of $132.56 million. Since the release of its earnings report, Six Flags gained 24.2%.

Pronounced bullish sentiment in the market helped the US amusement park operator to make a notable 4.7% gain yesterday, rising $1.25 and ultimately closing at $27.87. Daily trading volume (4.65 million shares) was above the current multiday average of 2.56 million.

Globus Medical | beats expected EPS of 0.51

Globus Medical was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.53 per share on revenue of $276.69 million, topping estimates of 0.51 per share on revenue of $254.9 million.

Globus shed 2.61%, falling to $56.65.

Having soared to a high of $79.63 approximately 3 months ago, the medical device company is now trading 26.95% lower. Currently, the medical device company has a market capitalization of $5.68 billion with an average daily volume of 1.45 million shares.

Live Nation Entertainment | Retains upward momentum since earnings report Thursday

Live Nation Entertainment released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.25 per share on revenue of $3.13 billion, topping estimates of -0.45 per share on revenue of $2.32 billion. Since the release of its earnings report, Live Nation Entertainment gained 15.4%.

Without a clear direction, Live Nation Entertainment closed at $77.63 while ranging between $77 and $78.95.

Live Nation Entertainment hit a significant low of $65.34 around a month ago, but has since recovered 19.1%. So far this year, it has been beating the S&P by 5.16%. The global entertainment company's market cap currently stands at $17.98 billion with an average daily trading volume of 1.73 million shares.