Science Applications International Corporation, PLAYSTUDIOS, Inc., Gap Inc are the ones to read about today.
Leading equity indices in the US declined as Dow Jones closed at 33,400, a 0.59% change. S&P 500 slipped 0.58% and closed at 4,100.6.
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.
Science Applications International Corporation | better than expected earnings Monday
Science Applications International Corporation was down, even though its quarterly earnings released on Monday beat the analysts’ estimates. The reported earnings of 2.04 per share on revenue of $1.97 billion, topping estimates of 1.63 per share on revenue of $1.85 billion.
After ending Monday at $110.5, Science Applications International Corporation declined to $105.92 yesterday before closing at $107.44, thereby losing 2.77% in total. Daily trading volume (551,887 shares) increased, making up 163% of the 21-day average (339,193).
After ending Monday at $3.73, Playstudios dropped to $3.61 early in yesterday's session and closed at $3.66. In total, it lost 1.88%. Yesterday's trading volume was 197,243 shares which is under the 21-day average of 307,405.
The clothing and accessories retailer plunged into the red after losing 3.77%, declining to $9.7. Yesterday's trading volume was 8.60 million shares which is slightly under the 21-day average of 11.15 million.
Early in yesterday's session, DarioHealth dropped to $3.75 from $3.93 at the end of Monday, before closing at $3.85. During the session, it lost 2.04%. The day's trading volume totalled 136,050 shares — slightly below the 21-day average of 190,606.
Early in yesterday's session, DocuSign dropped to $56.33 from $58.08 at the end of Monday, before closing at $56.96. During the session, it lost 1.93%. Yesterday's trading volume was 3.20 million shares which is lower than the 21-day average of 5.54 million.