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June 25, 2023
Canopy Growth Corporation, Accenture plc Class A (Ireland), Darden Restaurants Inc and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as S&P 500 was down 0.77% before closing the session at 4,348.33. Nasdaq lost 1% and ended the session at 13,500.
The earnings season is coming to an end and Carmax Inc and Accenture plc Class A (Ireland) 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. 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.
Canopy Growth: mixed results
Canopy Growth Corporation reported inconclusive earnings results Thursday, with revenue at $98.15 million, compared to a consensus of $73.19 million. Since the publication of its earnings report, Canopy Growth Corporation has declined 13.72%.
After ending Thursday at 60.14 cents, Canopy Growth dropped to 50 cents early in Friday's session and closed at 51.75 cents. In total, it lost 13.95%. Daily trading volume (26.50 million shares) increased, making up 211% of the 21-day average (12.55 million).
Accenture (Class A): mixed results
The company reported earnings results Thursday; with EPS at 2.79 and revenues at $16.56 billion, these results are mixed compared to a consensus of 3.04 Earnings Per Share and $16.56 billion revenue. Since the release of its earnings report, Accenture (Class A) lost 4.72%.
Early in Friday's session, Accenture (Class A) dropped to $297.7 from $307.25 at the end of Thursday, before closing at $298.43. During the session, it lost 2.87%. Daily trading volume (4.23 million shares) increased, making up 122% of the 21-day average (3.46 million).
Darden Restaurants: EPS of 2.24, Revenue of $2.77 billion
Darden Restaurants trades at $161.3 after the company released its quarterly results.
Grinding lower but with no clear-cut direction, the Orlando-based restauranter closed the session at $161.3 after forming a distinct $160.1 – $165.54 range. Daily trading volume (2.51 million shares) was above the current multiday average of 1.44 million.
Centrais Electricas Brasileiras gains 2.09%, closes at $8.32 ahead of the quarterly earnings report set for tomorrow
Centrais Electricas Brasileiras trades at $8.32 ahead of quarterly performance report which is scheduled to be released tomorrow.
Centrais Electricas Brasileiras rallied 2.09% and ended the session at $8.32. Friday's trading volume was 1 million shares which is slightly below the 21-day average of 1.53 million.
