MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. are the ones to read about today.
Leading equity indices in the US declined as after dropping 1.69%, Nasdaq closed at 11,400. Dow Jones slipped 1.02% and closed at 32,817.
3Rd quarter earnings season is mostly over, with NICE Ltd. and 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. 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.
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%.
MasTec recovered back to $97.18 after dipping down to $89, in a session that followed Thursday's $96.92 close value. Daily trading volume (1.91 million shares) increased, making up 322% of the 21-day average (592,720).
DISH: 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%.
After ending Thursday at $13.76, Dish Network declined to $13.11 yesterday before closing at $13.27, thereby losing 3.56% in total.
The direct-broadcast satellite provider has recovered 6.42% since descending to a significant low of $12.93 around 4 days ago. So far this year, it has been doing worse than the S&P by 9.33%. DISH's market cap is currently $7 billion with an average daily volume of 4.41 million shares.
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Following the release of quarterly results, Medical Properties Trust trades at $10.55.
After ending Thursday at $11.14, Medical Properties Trust dropped to $10.55 early in yesterday's session and closed at $10.55. In total, it lost 5.3%. Daily trading volume (24.48 million shares) increased, making up 152% of the 21-day average (16.16 million).
Mister Car Wash: mixed results
Mister Car Wash reported mixed earnings results Thursday, with EPS at 0.06 (compared to a consensus of 0.05 Earnings Per Share) and revenue of $214.35 million.
After ending Thursday at $9.24, Mister Car Wash went up to $9.56 only to drop back, yet still traded well overall and closed at $9.41 yesterday. Daily trading volume (2.77 million shares) increased, making up 182% of the 21-day average (1.52 million).
Morningstar | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.58 per share and revenue at $475 million. Since the release of its earnings report Thursday, Morningstar lost 11.11%.
Early in yesterday's session, Morningstar dropped to $200.1 from $235.86 at the end of Thursday, before closing at $207.09. During the session, it lost 12.2%. Daily trading volume (383,236 shares) was above the current multiday average of 84,298.