| 
February 22, 2023
Consolidated Edison Inc, US Foods Holding Corp., DraftKings Inc. and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as Dow Jones was down 2.06% before closing the session at 33,130. S&P 500 slipped 2% and closed at 3,997.34.
Sun Communities, Inc. & Copart Inc have released their earnings reports with Royal Bank Of Canada & Pure Storage, Inc. 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. 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.
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) increased, making up 128% of the 21-day average (1.71 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) increased, making up 128% of the 21-day average (1.71 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) increased, making up 128% of the 21-day average (1.71 million).
Con Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) increased, making up 128% of the 21-day average (1.71 million).
