Seagate Technology PLC, Fifth Third Bancorp, Genuine Parts Co and other stocks published their quarterly earnings. Here's what you need to know.

The leading indices are climbing up — Nasdaq up 0.27%, trading at 12,100. S&P 500 up to 4,137.19, gaining 0.18%.

Bank OZK and Procter & Gamble have released their earnings reports with KB Financial Group Inc. & Cousins Properties Incorporated 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.

After dipping down to $54.34 today, the data storage spearhead is recovering but is not yet all the way back to $57.08. The trading volume is at 3.98 million, 165% above the 21-day average of 2.41 million.

Fifth Third Bancorp | Retains downward momentum since earnings report yesterday

The company reported earnings of 0.69 per share yesterday, falling short of expectations of 0.79. Revenue was also lower than expected at $2.21 billion versus $2.23 billion. Fifth Third Bancorp lost 1.14% since the release of its earnings report.

The US consumer bank slides down from $27.84 to $27.7, losing 14 cents (0.5%).

The US consumer bank has recovered 11.58% since descending to a significant low of $24.95 around a month ago. So far this year, it has been doing worse than the Nasdaq by 28.58%. Fifth Third Bancorp's market cap is currently $18.87 billion with an average daily trading volume of 7.85 million shares.

Genuine Parts: mixed results

Genuine Parts reported earnings results yesterday, with EPS at 1.86 and revenues at $5.77 billion; these results are mixed when compared to a consensus of 2.03 Earnings Per Share and $5.67 billion revenue. Since the release of its earnings report, Genuine Parts gained 0.39%.

The industrial supplies company slides down from $168.62 to $167.15, losing $1.47 (0.87%).

10 months ago, the industrial supplies company fell to a low of $127.22 but has since recovered 32.54%. So far this year, it has been under-performing the S&P by 8.1%. Genuine Parts has a market cap of $23.54 billion with an average daily volume of 1 million shares.

Rexford Industrial | Retains upward momentum since earnings report yesterday

Rexford Industrial released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.48 per share on revenue of $186.24 million, topping estimates of 0.23 per share on revenue of $184 million. Since the release of its earnings report, Rexford Industrial gained 1.85%.

After ending yesterday at $56.33, Rexford Industrial is currently trading at $57.31.

The Californian REIT is trading 32.83% lower compared to the $83.86 high it reached over the past year. The company's market cap currently stands at $11.27 billion with an average daily trading volume of 1.51 million shares.

Wintrust: mixed results

Wintrust reported earnings results yesterday; with EPS at 2.07 and revenues at $642.12 million, these results are mixed compared to a consensus of 2.54 Earnings Per Share and $570.12 million revenue. Since the release of its earnings report, Wintrust lost 4.87%.

The US chartered community bank slides down from $70.71 to $70.15, losing 56 cents (0.79%).

The US chartered community bank is now trading 18.94% below its 3-month high of $96. Currently, the US financial holding company has a market capitalization of $4.28 billion with an average daily volume of 581,536 shares.