MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. and other stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US declined as Nasdaq lost 1.69% and ended the session at 11,400. Dow Jones closed at 32,817, a 1.02% change.
3Rd quarter earnings season is mostly over, with NICE Ltd. & CommScope Holding Company, 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. 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.
MasTec | Extends $3.94 since strong earnings report Thursday
MasTec, Inc. released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.94 per share on revenue of $3 billion, topping estimates of 0.92 per share on revenue of $2.91 billion. Since the release of its earnings report, MasTec, Inc. gained 4.23%.
After ending yesterday at $96.92, the engineering and construction company recovers back to $97.18 after dipping down to $89 earlier today. Daily trading volume (1.91 million shares) was higher than the current multiday average of 592,720.
Dish Network: mixed results
DISH reported earnings results Thursday, with EPS at 1.47 and revenues at $4 billion; these results are mixed when compared to a consensus of 0.47 Earnings Per Share and $4.15 billion revenue. Since the release of its earnings report, DISH gained 1.45%.
Early in yesterday's session, Dish Network dropped to $13.11 from $13.76 at the end of Thursday, before closing at $13.27. During the session, it lost 3.56%.
DISH hit a significant low of $12.93 around 4 days ago, but has since recovered 6.42%. So far this year, it has been doing worse than the S&P by 9.33%. Currently, the US multi-device provider of TV services has a market capitalization of $7 billion with an average daily trading volume of 4.41 million shares.
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.55 after the company released its quarterly results.
Early in yesterday's session, Medical Properties Trust dropped to $10.55 from $11.14 at the end of Thursday, before closing at $10.55. During the session, it lost 5.3%. Daily trading volume (24.48 million shares) increased, making up 152% of the 21-day average (16.16 million).