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June 21, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Adobe, Jabil Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US declined as Nasdaq was down 1.21% before closing the session at 13,500. After dropping 0.52%, S&P 500 closed at 4,365.69.
The earnings season is coming to an end and Canopy Growth Corporation and Canopy Growth Corporation 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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Centrais Electricas Brasileiras gains 1.34%, closes at $8.29 ahead of the quarterly earnings report set for Monday
Centrais Elétricas Brasileiras S.A. – Eletrobrás trades at $8.29 ahead of quarterly performance report which is scheduled to be released Monday.
Centrais Electricas Brasileiras rose 11 cents to close at $8.29 today which makes for a move of 1.34%.
Centrais Electricas Brasileiras hit a significant low of $5.75 around 2 months ago, but has since recovered 42.26%. So far this year, it has been under-performing the Nasdaq by 11.48%. The Brazilian electric utilities company's market cap currently stands at $19.13 billion with an average daily trading volume of 1.49 million shares.
Adobe: mixed results
Adobe reported inconclusive earnings results Thursday, with revenue at $4.82 billion, compared to a consensus of $4.43 billion. Since the publication of its earnings report, Adobe has declined 0.43%.
After ending yesterday at $485.86, Adobe dropped to $475.4 early in today's session and closed at $477.48. In total, it lost 1.72%. The day's trading volume totalled 5 million shares — slightly under the 21-day average of 5.64 million.
Jabil: mixed results
Jabil reported earnings results Thursday, with EPS at 1.85 and revenues at $8.47 billion; these results are mixed when compared to a consensus of 1.87 Earnings Per Share and $8.20 billion revenue. Since the release of its earnings report, Jabil gained 5.45%.
Grinding lower but with no clear-cut direction, the worldwide manufacturing services company closed the session at $105.12 after forming a distinct $104.54 – $107.3 range.
The worldwide manufacturing services company now trading 30.57% above its 3-month low of $50.52. So far this year, it has been beating the Nasdaq by 33.62%. Currently, the manufacturing company has a market capitalization of $13.95 billion with an average daily volume of 1.21 million shares.
A quiet day for Lennar as it remained range-bound within a $120.43 – $122.13 range before closing at $121.65.
The past 3 months have been positive for the Florida home construction company as it added 18.83% compared to its 3-month low of $65.65. So far this year, it has performed better than the S&P by 19.31%. The company is currently trading with a market cap of $34.69 billion with an average daily trading volume of 2.98 million shares.
