Canopy Growth Corporation, Accenture plc Class A (Ireland), Darden Restaurants Inc and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.

Leading equity indices in the US declined as S&P 500 lost 0.77% and ended the session at 4,348.33. Nasdaq shed 1% and closed at 13,500.

The earnings season is coming to an end and Carmax Inc & Accenture plc Class A (Ireland) 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. 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.

Canopy Growth: mixed results

Canopy Growth Corporation reported earnings results Thursday; with EPS at -0.42, these results are ambiguous when compared to a consensus of -0.15 Earnings Per Share. Since the release of its earnings report, Canopy Growth Corporation lost 13.72%.

After ending Thursday at 60.14 cents, Canopy Growth dropped to 50 cents early in yesterday's session and closed at 51.75 cents. In total, it lost 13.95%. Daily trading volume (26.50 million shares) was higher than the current multiday average of 12.55 million.

Accenture (Class A): mixed results

The company reported mixed earnings results Thursday, with EPS at 2.79 and revenues at $16.56 billion. Since the release of its earnings report, Accenture (Class A) lost 4.72%.

Early in yesterday's session, Accenture (Class A) dropped to $297.7 from $307.25 at the end of Thursday, before closing at $298.43. During the session, it lost 2.87%. Daily trading volume (4.23 million shares) increased, making up 122% of the 21-day average (3.46 million).

Darden Restaurants: EPS of 2.24, Revenue of $2.77 billion

Darden Restaurants trades at $161.3 after the company released its quarterly results.

Despite the risk-off mood, Darden Restaurants was range-bound between $160.1 to $165.54 and settled at $161.3. Daily trading volume (2.51 million shares) increased, making up 175% of the 21-day average (1.44 million).

Centrais Electricas Brasileiras gains 2.09%, closes at $8.32 ahead of the quarterly earnings report set for Monday

Centrais Electricas Brasileiras trades at $8.32 ahead of quarterly performance report which is scheduled to be released Monday.

Centrais Electricas Brasileiras rallied 2.09% and ended the session at $8.32.

The past 3 months have been positive for the hydroelectric power generation company as it added 46.06% compared to its 3-month low of $5.75. So far this year, it has been under-performing the Nasdaq by 8%. The Brazilian electric utilities company's market cap currently stands at $19.20 billion with an average daily trading volume of 1.53 million shares.

Pronounced bullish sentiment in the market helped the digital media and marketing software company to make a notable 1.5% gain yesterday, rising $7.14 and ultimately closing at $484.72.

The digital media and marketing software company reached a significant high of $495.18 around 8 days ago but has lost 3.55% since then. The Nasdaq has been doing worse in 2022, it has been passing it by 22.04%. Adobe's market cap currently stands at $222.34 billion with an average daily volume of 5.83 million shares.