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June 22, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Adobe, Jabil Inc. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq was down 1.21% before closing the session at 13,500. S&P 500 slipped 0.52% and closed at 4,365.69.
The earnings season is coming to an end and Accenture plc Class A (Ireland) and FactSet Research Systems Inc. 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
The company trades at $8.29 ahead of quarterly performance report which is scheduled to be released Monday.
Ending Tuesday at $8.18, the hydroelectric power generation company rallied 1.34% yesterday and stayed at the $8.29 level. Daily trading volume (1.58 million shares) increased, making up 104% of the 21-day average (1.52 million).
After ending Tuesday at $485.86, Adobe dropped to $475.4 early in yesterday's session and closed at $477.48. In total, it lost 1.72%.
The digital media software company has fallen back around 1.88% from the significant high of $495.18 set 6 days ago. The Nasdaq has been doing worse in 2022, it has been passing it by 17.92%. The company is currently trading with a market cap of $219 billion with an average daily trading volume of 5.71 million shares.
Despite the risk-off mood, Jabil was range-bound between $104.54 to $107.3 and settled at $105.12. Daily trading volume (1.43 million shares) increased, making up 115% of the 21-day average (1.24 million).
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 home construction and real estate company as it added 17.58% compared to its 3-month low of $65.65. So far this year, it has performed better than the S&P 500 by 19.41%. The company's market cap currently stands at $34.69 billion with an average daily volume of 3 million shares.
