MongoDB, Inc., Campbell Soup Co, Asana, Inc. and other stocks have published their quarterly earnings.

Leading equity indices in the US declined as Dow Jones closed at 32,255, a 1.66% change. After dropping 1.85%, S&P 500 closed at 3,918.32.

3Rd quarter earnings season is mostly over, with Asana, Inc. & ZIM Integrated Shipping Services Ltd. releasing their earnings reports just this 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.

MongoDB | better than expected earnings Wednesday

MongoDB, Inc. was down, even though its quarterly earnings released on Wednesday beat the analysts’ estimates. The reported earnings of -0.98 per share on revenue of $361.31 million, topping estimates of -1.18 per share on revenue of $303.47 million.

After ending Wednesday at $228.7, MongoDB dropped to $201.21 early in yesterday's session and closed at $209.57. In total, it lost 8.36%.

After hitting an important low of $137.35 approximately 3 months ago, the database developer has bounced back 66.51% since. The Nasdaq has been doing worse in 2022, it has been passing it by 0.75%. The database developer's market cap currently stands at $14.52 billion with an average daily trading volume of 1.82 million shares.

Campbell Soup | Extends 20 cents since strong earnings report Wednesday

Campbell Soup was down, even though its quarterly earnings released on Wednesday beat the analysts’ estimates. The reported earnings of 0.8 per share on revenue of $2.48 billion, topping estimates of 0.73 per share on revenue of $2.44 billion.

After a mostly steady day, the defensive consumer stock lost 1.52% deep into the session, closing at $52.33.

The defensive consumer stock reached a significant high of $57.55 around 2 months ago but has lost 7.66% since then. So far this year, it has been doing worse than the S&P by 9.15%. Currently, the defensive consumer stock has a market capitalization of $15.67 billion with an average daily volume of 2.43 million shares.

Asana | Extends $3.69 since strong earnings report Wednesday

Asana released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of -0.4 per share on revenue of $150.23 million, topping estimates of -0.47 per share on revenue of $145.12 million. Since the release of its earnings report, Asana gained 21.11%.

After ending Wednesday's session at $17.8, Asana went up to $22.96 yesterday only to fall back and close at $21.17. Daily trading volume (27.40 million shares) was above the current multiday average of 4.49 million.

Thor Industries | Retains downward momentum since earnings report Tuesday

The company reported earnings of 0.5 per share Tuesday, falling short of expectations of 1.1. Revenue was also lower than expected at $2.35 billion versus $2.52 billion. Since the release of its earnings report, Thor Industries lost 6.78%

An influx of sellers pushed the travel trailers and campers company to session lows around $86.14 while establishing a $86.14 to $88.71 session range yesterday. Daily trading volume (664,368 shares) was slightly greater than the current multiday average of 640,328.