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April 15, 2023
UnitedHealth, Delta Air Lines, Inc., Fastenal Co are the ones to read about today.
Leading equity indices in the US declined as Dow Jones slipped 0.42% and closed at 33,900. Nasdaq was down 0.35% before closing the session at 12,123.
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.
UnitedHealth: EPS of zero, Revenue of $91.93 billion
UnitedHealth trades at $511.79 after the company released its quarterly results.
After ending Thursday at $526.23, UnitedHealth declined to $508.5 yesterday before closing at $511.79, thereby losing 2.74% in total.
The healthcare services provider is now trading 16.41% above the significant low ($452.06) it slumped to 9 months ago. So far this year, it has been under-performing the Dow Jones by 3.48%. The company has a market cap of $477.42 billion with an average daily volume of 3.46 million shares.
Delta Air Lines: EPS of zero, Revenue of $12.76 billion
Following the release of quarterly results, Delta Air Lines trades at $33.77.
After closing at $33.37 on Thursday, Delta Air Lines rallied as high as $34 but ended the day at $33.77. Daily trading volume (14.85 million shares) increased, making up 126% of the 21-day average (11.75 million).
Fastenal: EPS of zero, Revenue of $1.86 billion
Fastenal trades at $53.27 after the company released its quarterly results.
An influx of buyers helped the industrial and construction supplies company to end the session higher around $53.27, while establishing a $52.39 to $53.9 session range yesterday.
The industrial and construction supplies provider has managed to gain 12.63% so far this year despite trading at lows around $43.87 previously. So far this year, it has been doing worse than the Nasdaq by 1.64%. Currently, the industrial and construction supplies company has a market capitalization of $30.42 billion with an average daily trading volume of 3.57 million shares.
