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May 12, 2023
Nova Ltd., Western Midstream Partners, LP, Gilat Satellite Networks Ltd. are the ones to read about today.
Leading equity indices in the US declined as after dropping 0.35%, Nasdaq closed at 12,300. S&P 500 closed at 4,124, a 0.16% change.
National Grid plc & Take-Two Interactive Software Inc 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.
Nova: EPS of 1.28, Revenue of $151.24 million
Following the release of quarterly results, Nova Ltd. trades at $94.12.
The chemical metrology solutions provider went up to $94.12, gaining 1.14%. Trading volume totalled 67,601 which equates to around 68% of the stock's 21-day average today.
Western Midstream | Retains downward momentum since earnings report Tuesday
The company reported earnings of 0.52 per share Tuesday, falling short of expectations of 0.618. Revenue was also lower than expected at $733.98 million versus $771.64 million. Since the release of its earnings report, Western Midstream lost 0.55%
Despite the risk-off mood, Western Midstream was range-bound between $25.38 to $25.86 and settled at $25.4.
The natural gas distributor is now trading 9.91% below its 3-month high of $29.48. So far this year, it has been under-performing the Nasdaq by 16.91%. Western Midstream's market cap currently stands at $9.77 billion with an average daily volume of 677,343 shares.
Gilat: EPS of 0.14, Revenue of $27.72 million
Gilat trades at $5.51 after the company released its quarterly results.
Gilat recovered all the way back up to $5.51 after dipping down to $5.36. Trading volume totalled 109,926 which equates to around 100% of the stock's 21-day average today.
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 18.63%.
Six Flags recovered all the way back up to $26.62 after dipping down to $26.46.
Having soared to a high of $30.4 approximately 2 months ago, the Texan theme park operator is now trading 13.88% lower. Six Flags's market cap is currently $2.32 billion with an average daily trading volume of 2.64 million shares.
Pronounced bearish sentiment in the market pushed the musculoskeletal device solutions provider into a notable 1.08% slide today, falling 62 cents and ultimately closing at $56.83. Trading volume totalled 918,732 which equates to around 62% of the stock's 21-day average today.
