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June 21, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Adobe, Jabil Inc. are the ones to read about today.
Leading equity indices in the US declined as Dow Jones slipped 0.72% and closed at 34,054. S&P 500 was down 0.47% before closing the session at 4,388.71.
The earnings season is coming to an end and Canopy Growth Corporation and FedEx Corp 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.
Centrais Electricas Brasileiras gains 2.12%, closes at $8.18 ahead of the quarterly earnings report set for Monday
The company trades at $8.18 ahead of quarterly performance report which is scheduled to be released Monday.
Pronounced bullish sentiment in the market helped the hydroelectric power generation company to make a notable 2.12% gain yesterday, rising 18 cents and ultimately closing at $8.18. Daily trading volume (1.65 million shares) was slightly above the current multiday average of 1.49 million.
Adobe: mixed results
Adobe reported earnings results Thursday, with EPS at 3.04 and revenues at $4.82 billion; these results are mixed when compared to a consensus of 3.79 Earnings Per Share and $4.43 billion revenue. Since the release of its earnings report, Adobe gained 1.32%.
Early in yesterday's session, Adobe dropped to $480 from $495.18 at the end of Monday, before closing at $485.86. During the session, it lost 1.88%.
The digital media software company now trading 33.04% above its 3-month low of $275.2. So far this year, it has performed better than the Nasdaq by 19.06%. The digital media and marketing software company's market cap currently stands at $222.86 billion with an average daily trading volume of 5.64 million shares.
Jabil: mixed results
Jabil reported earnings results Thursday, with EPS at 1.85 and revenues at $8.47 billion; these results are mixed when compared to a consensus of 1.87 Earnings Per Share and $8.20 billion revenue. Since the release of its earnings report, Jabil gained 6.22%.
Jabil recovered from the previous trading session's losses and went up to $105.89 yesterday after it traded lower at $104.14. Daily trading volume (1.51 million shares) increased, making up 125% of the 21-day average (1.21 million).
