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February 22, 2023
Consolidated Edison Inc, US Foods Holding Corp., DraftKings 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 Dow Jones slipped 2.06% and closed at 33,130. S&P 500 closed at 3,997.34, a 2% change.
3Rd quarter earnings season is mostly over, with Keysight Technologies Inc & CoStar Group, Inc. releasing their earnings reports just this week.
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.
Consolidated Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) was slightly above the current multiday average of 1.71 million.
Consolidated Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) was slightly above the current multiday average of 1.71 million.
Consolidated Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) was slightly above the current multiday average of 1.71 million.
Consolidated Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) was slightly above the current multiday average of 1.71 million.
Consolidated Edison | Retains upward momentum since earnings report Thursday
Consolidated Edison Inc was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.81 per share on revenue of $4 billion, topping estimates of 0.78 per share on revenue of $3.69 billion.
An influx of sellers pushed the investor-owned energy company to session lows around $92.2 while establishing a $92.2 to $93.39 session range yesterday. Daily trading volume (2.20 million shares) was slightly above the current multiday average of 1.71 million.
