| 
May 03, 2023
CACI International Inc, LKQ Corp, Wyndham Hotels & Resorts, Inc. are the ones to read about today.
Leading equity indices in the US declined as Dow Jones shed 1.08% and closed at 33,700. S&P 500 was down 1.16% before closing the session at 4,119.58.
Yum! Brands Inc & The Scotts Miracle-Gro Company have released their earnings reports with First Citizens BancShares, Inc. & Syneos Health, 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.
CACI | Retains upward momentum since earnings report Thursday
CACI International Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 4.92 per share on revenue of $1.74 billion, topping estimates of 4.67 per share on revenue of $1.71 billion.
After ending Monday at $316.22, CACI declined to $305.56 yesterday before closing at $308.7, thereby losing 2.38% in total.
CACI hit a significant low of $248.66 around 6 months ago, but has since recovered 27.17%. The multi-billion-dollar IT company's market cap currently stands at $7 billion with an average daily trading volume of 153,516 shares.
LKQ Corp | Extends $1 since strong earnings report Thursday
LKQ Corp was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 1.04 per share on revenue of $3.35 billion, topping estimates of 0.95 per share on revenue of $3.27 billion.
Early in yesterday's session, LKQ Corp dropped to $56.23 from $58.11 at the end of Monday, before closing at $57.22. During the session, it lost 1.53%. Trading volume totalled 874,607 which equates to around 86% of the stock's 21-day average yesterday.
Wyndham Hotels & Resorts | Extends $3.64 since strong earnings report Thursday
Wyndham Hotels & Resorts released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.86 per share on revenue of $334 million, topping estimates of 0.796 per share on revenue of $326.54 million. Since the release of its earnings report, Wyndham Hotels & Resorts gained 5.55%.
After ending yesterday at $69.15, the world's largest hotel franchisor recovers back to $69.2 after dipping down to $67.28 earlier today. Trading volume totalled 1 million which equates to around 100% of the stock's 21-day average yesterday.
