TD SYNNEX, Walgreens Boots Alliance Inc, Centrais Elétricas Brasileiras S.A. – Eletrobrás are the ones to read about today.
Markets completed a mixed session today while after dropping 0.22%, Dow Jones closed at 33,853. Nasdaq gained 0.27% and closed at 13,600.
The earnings season is coming to an end and General Mills Inc & BlackBerry Limited have release their reports.
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 flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Synnex: mixed results
The company reported earnings results yesterday; with EPS at 2.66 and revenues at $14 billion, these results are mixed compared to a consensus of 2.55 Earnings Per Share and $14.42 billion revenue. Since the release of its earnings report, TD SYNNEX lost 7%.
Pronounced bearish market sentiment ensured that the IT solutions provider made a notable 2.12% loss today, declining $1.97 and ultimately closing at $90.85. Daily trading volume (629,940 shares) increased, making up 142% of the 21-day average (442,941).
WBA: mixed results
The company reported mixed earnings results yesterday, with EPS at 0.96 and revenues at $64.24 billion. Since the release of its earnings report, WBA lost 7.95%.
Generally flat but with a slight bullish bias, Walgreens Boots Alliance ranged between $28.2 and $29.08 before closing higher at $29.08. Daily trading volume (18.18 million shares) increased, making up 177% of the 21-day average (10.30 million).
Centrais Electricas Brasileiras loses 1.25%, closes at $7.89 ahead of quarterly report Monday
The company trades at $7.89 ahead of quarterly performance report which is scheduled to be released Monday.
An influx of sellers pushed the Brazilian electric utilities company to session lows around $7.88 while establishing a $7.88 to $8.03 session range today. Today's trading volume was 748,644 shares which is lower than the 21-day average of 1.38 million.
Canopy Growth: mixed results
Canopy Growth reported inconclusive earnings results Thursday, with EPS at -0.42 and revenues at $98.15 million. Since the release of its earnings report, Canopy Growth lost 28%.
After ending yesterday at 47.4 cents, Canopy Growth declined to 42.69 cents today before closing at 43.19 cents, thereby losing 8.88% in total. Daily trading volume (16.51 million shares) increased, making up 133% of the 21-day average (12.39 million).
Accenture (Class A): mixed results
Accenture (Class A) reported ambiguous earnings results Thursday, with EPS at 2.79 and revenues at $16.56 billion. Since the release of its earnings report, Accenture (Class A) lost 3.67%.
Generally flat but with a slight bullish bias, Accenture (Class A) ranged between $297.78 and $302.15 before closing higher at $301.72.
13 days ago the IT services company reached a significant high of $323.77 but has consequently lost 7.09% since then. So far this year, it has been doing worse than the S&P by 1.36%. The IT services company's market cap currently stands at $190.32 billion with an average daily volume of 3.39 million shares.