4 earnings reports come into view among stocks as markets rise

Acuity Brands, Inc., MSC Industrial Direct Co., Inc., Science Applications International Corporation and other stocks published their quarterly earnings. Here's what you need to know.

Markets are up as Nasdaq up 0.67%, trading at 12,078. S&P 500 up to 4,103.58, gaining 0.32%.

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.

Acuity Brands: mixed results

Acuity Brands, Inc. reported inconclusive earnings results Tuesday, with revenue at $943.6 million, compared to a consensus of $958.98 million. Since the release of its earnings report, Acuity Brands, Inc. lost 12.8%.

Slightly weaker but mostly flat: Acuity Brands is currently trading at $159.87 as it maintains an active range between $158.97 and $161.83.

29 days ago the lighting company reached a significant high of $200.08 but has consequently lost 19.17% since then. Currently, the lighting and building management firm has a market capitalization of $5 billion with an average daily trading volume of 406,723 shares.

MSC | Retains upward momentum since earnings report Tuesday

MSC released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 1.45 per share on revenue of $961.63 million, topping estimates of 1.35 per share on revenue of $934 million. Since the release of its earnings report, MSC gained 0.13%.

A mostly flat day so far for the industrial equipment distributor, range-bound between $84.16 and $85.11 and currently at $84.49.

Science Applications International Corporation | Positive surprise Monday

Science Applications International Corporation released its quarterly earnings Monday, beating analysts estimates. The company 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. Since the release of its earnings report, Science Applications International Corporation lost 0.05%.

Without a clear-cut direction, Science Applications International Corporation is trading around $107.41 and ranging between $107.24 and $108.56.

The free-to-play casual game developer gaining 2.32% and hovering around the $3.75 level.