Ross Stores Inc, Advanced Drainage Systems, Inc., Dynatrace, Inc. and other stocks published their quarterly earnings. Here's what you need to know.

Leading equity indices in the US declined as Dow Jones lost 0.33% and ended the session at 33,427. Nasdaq shed 0.24% and closed at 12,658.

Deere & Company & Catalent Inc have released their earnings reports with Booz Allen Hamilton Holding Corporation and Royal Bank Of Canada are set to publish their respective reports as scheduled.

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.

Ross Stores | Bounces 97 cents since downbeat earnings report yesterday

The company reported earnings of 0.97 per share yesterday, falling short of expectations of 1.06. Revenue was also lower than expected at $4.49 billion versus $4.50 billion. Although earnings did not match projections, Ross Stores Inc gained 0.93% since the release of its earnings report.

After ending yesterday at $105.38, Ross Stores dropped to $99.2 early in today's session and closed at $104.76. In total, it lost 0.59%. Daily trading volume (5.95 million shares) was above the current multiday average of 1.92 million.

Advanced Drainage Systems | Extends $7.88 since strong earnings report yesterday

Advanced Drainage Systems was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.95 per share on revenue of $617.56 million, topping estimates of 0.77 per share on revenue of $562.75 million.

An influx of sellers pushed the industrial piping supplier to session lows around $95.15 while establishing a $95.15 to $100.6 session range today. Daily trading volume (1 million shares) was higher than the current multiday average of 561,769.

Dynatrace: mixed results

Dynatrace reported earnings results Wednesday, with EPS at 0.07 and revenues at $314.48 million; these results are mixed when compared to a consensus of 0.22 Earnings Per Share and $304.96 million revenue. Since the release of its earnings report, Dynatrace gained 4.74%.

Without a clear direction, Dynatrace closed at $49.03 while ranging between $48.6 and $49.44. The day's trading volume totalled 2.68 million shares — slightly below the 21-day average of 3.16 million.

Doximity: mixed results

The company reported mixed earnings results Tuesday, with EPS at 0.2 and revenues at $110.97 million. Since the release of its earnings report, Doximity lost 6.15%.

Early in today's session, Doximity dropped to $31.32 from $33.31 at the end of yesterday, before closing at $32.04. During the session, it lost 3.81%.

Doximity hit a significant low of $24 around 6 months ago, but has since recovered 38.79%. So far this year, it has been under-performing the Nasdaq by 15.26%. Doximity is currently trading with a market cap of $6.20 billion with an average daily volume of 1.46 million shares.

Home Depot: mixed results

Home Depot reported earnings results Tuesday, with EPS at 3.82 and revenues at $37.26 billion; these results are mixed when compared to a consensus of 3.8 Earnings Per Share and $38.31 billion revenue. Since the release of its earnings report, Home Depot gained 0.81%.

After ending yesterday at $295.16, Home Depot declined to $289.95 today before closing at $290.88, thereby losing 1.45% in total. The day's trading volume totalled 4.19 million shares — slightly under the 21-day average of 4.28 million.