Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. and other stocks have published their quarterly earnings.
The leading indices are climbing up — Dow Jones up to 33,900, gaining 0.6%. S&P 500 up to 4,126, gaining 0.42%.
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.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax Inc trades at $69.48.
The used car dealer drops 3.78% in early trade and remains within touching distance of the $69.48 level. The trading volume is at 3.92 million, 125% above the 21-day average of 3.15 million.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.77 after the company released its quarterly results.
After dropping down to $20.7, America's second-largest supermarket chain recovers some losses and is currently trading at $20.77.
Tilray: mixed results
The company reported earnings results Monday; with EPS at -0.04 and revenues at $145.59 million, these results are mixed compared to a consensus of -0.05 Earnings Per Share and $202.47 million revenue. Since the release of its earnings report, Tilray lost 5.18%.
After dipping as low as $2.46, the US cannabis-lifestyle firm is recovering ground lost since the previous session close ($2.52); currently trading at $2.47.
RPM International | better than expected earnings Thursday
RPM International released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.52 billion, topping estimates of 0.3 per share on revenue of $1.47 billion. Since the release of its earnings report, RPM International lost 2.53%.
The US coatings specialist trades at $82.2 today, after closing yesterday at $81.68 and gaining 52 cents (0.64%).