Discover the 3 stocks that published earnings during yesterday's market slide

Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. and other stocks published their quarterly earnings. Here's what you need to know.

Leading equity indices in the US declined as Nasdaq closed at 11,929, a 0.85% change. S&P 500 lost 0.41% and ended the session at 4,092.

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.

Carmax: EPS of zero, Revenue of $5.72 billion

Following the release of quarterly results, Carmax Inc trades at $68.58.

Early in yesterday's session, Carmax dropped to $67.26 from $72.21 at the end of Tuesday, before closing at $68.58. During the session, it lost 5.03%. Daily trading volume (5.28 million shares) increased, making up 166% of the 21-day average (3.18 million).

Albertsons Companies: EPS of zero, Revenue of $18.27 billion

Albertsons Companies trades at $20.64 after the company released its quarterly results.

An influx of sellers pushed America's second-largest supermarket chain to session lows around $20.63 while establishing a $20.63 to $20.85 session range yesterday. The day's trading volume totalled 4.83 million shares — slightly below the 21-day average of 5.51 million.

Tilray: mixed results

The company reported earnings results Monday; with EPS at -0.04 and revenues at $145.59 million, these results are mixed compared to a consensus of -0.05 Earnings Per Share and $202.47 million revenue. Since the release of its earnings report, Tilray lost 5.58%.

Pronounced bearish market sentiment ensured that the US cannabis-lifestyle firm made a notable 2.58% loss yesterday, declining 6.5 cents and ultimately closing at $2.46. The day's trading volume totalled 9.36 million shares — slightly below the 21-day average of 11.46 million.