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February 25, 2023
MasTec, Inc., DISH Network Corp, Medical Properties Trust, 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 Nasdaq lost 1.69% and ended the session at 11,400. Dow Jones slipped 1.02% and closed at 32,817.
NICE Ltd. and CommScope Holding Company, Inc. have released their earnings reports; Marvell Technology Group Ltd & Best Buy Co Inc will publish their respective reports in due course.
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%.
After dropping down to $89, the engineering and construction company recovers some losses and is currently trading at $97.18. Daily trading volume (1.99 million shares) increased, making up 335% of the 21-day average (592,720).
DISH: mixed results
Dish Network 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 Network 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%. Daily trading volume (5.28 million shares) was slightly above the current multiday average of 4.41 million.
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.
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) was higher than the current multiday average of 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).
