MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. and other stocks have published their quarterly earnings.
The leading indices are pointing up — Dow Jones up to 33,160, gaining 1.05%. S&P 500 goes up 1.16%, trading at 4,016.
NICE Ltd. and CommScope Holding Company, Inc. have released their earnings reports with Ciena Corporation & Nutanix, Inc. are set to publish their respective reports as scheduled.
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 are up and stocks have released their quarterly earnings reports. Have a look.
MasTec | Extends $4 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 4.28%.
MasTec trades at $97.23, after ending Friday at $97.18.
Having set a significant low of $63.24 4 months ago, the power plant and renewable energy company is trading 53.67% higher. MasTec's market cap currently stands at $7.64 billion with an average daily volume of 592,720 shares.
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 1.19%.
Dish Network is down to $13.23, after ending Friday at $13.27. Overall, a 0.26% loss or 3.5 cents today.
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.73 after the company released its quarterly results.
After closing the previous trading day at $10.55, Medical Properties Trust is up to $10.73, which makes for a move of 1.71%/18 cents today.
Having set a significant high of $21.54 10 months ago, the healthcare facility REIT is trading 51.02% lower. So far this year, it has been doing worse than the Nasdaq by 17.35%. Medical Properties Trust has a market cap of $6.41 billion with an average daily trading volume of 16.16 million shares.