3 earnings reports come into view among stocks as markets rise

Broadcom, Shinhan Financial Group Co., Ltd., Costco are the ones to read about today.

Markets are up including news that Nasdaq goes up 0.93%, trading at 11,800. S&P 500 up to 4,071.82, gaining 0.65%.

Coupa Software Incorporated & Korea Electric Power Corporation due to release their earnings reports within the following week.

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 are up and stocks have released their quarterly earnings reports. Have a look.

Broadcom | Extends $46.12 since strong earnings report Thursday

Broadcom released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 9.83 per share on revenue of $8.91 billion, topping estimates of 9.38 per share on revenue of $8.90 billion. Since the release of its earnings report, Broadcom gained 7.77%.

After closing the previous trading day at $632.76, Broadcom is up to $639.69, which makes for a move of 1.1%/$6.93 today.

Shinhan Financial | Retains downward momentum since earnings report Thursday

The company reported earnings of 0.68 per share and revenue at $4.92 trillion. Since the release of its earnings report Thursday, Shinhan Financial lost 4.17%.

Shinhan Financial is down to $28.5, after ending Friday at $28.76. Overall, a 0.9% loss or 26 cents today.

Costco: mixed results

Costco reported earnings results Thursday, with EPS at 3.3 and revenues at $54.44 billion; these results are mixed when compared to a consensus of 3.2 Earnings Per Share and $55.44 billion revenue. Since the release of its earnings report, Costco gained 1.53%.

After closing the previous trading day at $475.26, Costco is up to $486, which makes for a move of 2.26%/$10.74 today.

The wholesale company is now trading 21.84% below the significant high of $608.05 it set around 10 months ago. So far this year, it has been under-performing the Nasdaq by 6.29%. Currently, the wholesale giant has a market capitalization of $215.66 billion with an average daily volume of 1.85 million shares.