Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. and other stocks published their quarterly earnings. Here's what you need to know.
The leading indices are pointing up — Nasdaq goes up 1.98%, trading at 12,165. S&P 500 up 1.26%, trading at 4,143.54.
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.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax Inc trades at $69.15.
Carmax posts light gains on a low-volatility day, ranging between $67.13 – $70.27 and is now at $69.15.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.62 after the company released its quarterly results.
After ending yesterday at $20.64, the grocery store company recovers back to $20.62 after dipping down to $20.41 earlier today.
Tilray: mixed results
Tilray reported inconclusive earnings results Monday, with EPS at -0.04 and revenues at $145.59 million. Since the release of its earnings report, Tilray lost 4.17%.
After ending yesterday at $2.46, Tilray is currently trading at $2.49.
Small gain for RPM International at $82.14 after ranging between $81.49 and $82.29 today.
Having soared to a high of $104.57 approximately 4 months ago, the US coatings specialist is now trading 21.69% lower. So far this year, it has been doing worse than the Nasdaq by 29.24%. Currently, the US coatings specialist has a market capitalization of $10.59 billion with an average daily trading volume of 885,840 shares.