Canopy Growth Corporation, Accenture plc Class A (Ireland), Darden Restaurants Inc and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as S&P 500 was down 0.77% before closing the session at 4,348.33. After dropping 1%, Nasdaq 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. 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.
Canopy Growth: mixed results
Canopy Growth Corporation reported inconclusive earnings results Thursday, with revenue at $98.15 million, compared to a consensus of $73.19 million. Since the release of its earnings report, Canopy Growth Corporation lost 13.72%.
After ending Thursday at 60.14 cents, Canopy Growth declined to 50 cents yesterday before closing at 51.75 cents, thereby losing 13.95% in total. Daily trading volume (26.50 million shares) was higher than the current multiday average of 12.55 million.
Accenture (Class A): mixed results
Accenture (Class A) reported earnings results Thursday; with EPS at 2.79, these results are ambiguous when compared to a consensus of 3.04 Earnings Per Share. Since the release of its earnings report, Accenture (Class A) lost 4.72%.
After ending Thursday at $307.25, Accenture (Class A) dropped to $297.7 early in yesterday's session and closed at $298.43. In total, it lost 2.87%.
Over the past 9 days, the Irish-based IT services company has retreated 5.1% from a noteworthy peak of $323.77. So far this year, it has been doing worse than the S&P by 1.87%. Accenture (Class A) has a market cap of $188.47 billion with an average daily volume of 3.46 million shares.
Darden Restaurants: EPS of 2.24, Revenue of $2.77 billion
Following the release of quarterly results, Darden Restaurants trades at $161.3.
Grinding lower but with no clear-cut direction, the Orlando-based restauranter closed the session at $161.3 after forming a distinct $160.1 – $165.54 range. Daily trading volume (2.51 million shares) increased, making up 175% of the 21-day average (1.44 million).