Centrais Elétricas Brasileiras S.A. – Eletrobrás, Catalent Inc, Campbell Soup Co are the ones to read about today.
Markets completed a mixed session today, as Dow Jones lost 0.68% and ended the session at 33,979. Nasdaq closed the day at 13,626, having gained 0.39%.
3Rd quarter earnings season is mostly over, with Aurora Cannabis Inc. and HEXO Corp. releasing their earnings reports just this 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 flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Centrais Electricas Brasileiras gains 2.92%, closes at $8.11 ahead of the quarterly earnings report set for Monday
Centrais Elétricas Brasileiras S.A. – Eletrobrás trades at $8.11 ahead of quarterly performance report which is scheduled to be released Monday.
After finishing yesterday at $7.88, the Brazilian electric utilities company went up by 2.92% today and remained at the $8.11 level.
Centrais Electricas Brasileiras hit a significant low of $5.75 around 2 months ago, but has since recovered 37.04%. So far this year, it has been under-performing the Nasdaq by 14.26%. The company is currently trading with a market cap of $18.71 billion with an average daily trading volume of 1.30 million shares.
Catalent: mixed results
Catalent reported earnings results Monday, with EPS at -0.12 and revenues at $1 billion; these results are mixed when compared to a consensus of -0.03 Earnings Per Share and $952.66 million revenue. Since the release of its earnings report, Catalent gained 8.45%.
An influx of sellers pushed the pharmaceutical developer to end the session lower around $42.09, while establishing a $41.26 to $43.47 session range today. The day's trading volume totalled 4.48 million shares — slightly below the 21-day average of 5 million.
Grinding lower but with no clear-cut direction, the defensive consumer stock closed the session at $45.91 after forming a distinct $45.83 – $46.38 range. Trading volume totalled 2.11 million which equates to around 62% of the stock's 21-day average today.
An influx of sellers pushed the world's largest gaming merchandise retailer to end the session lower around $25.7, while establishing a $24.95 to $27.08 session range today. Daily trading volume (7.22 million shares) was slightly greater than the current multiday average of 6.11 million.
Bullish sentiment helped the US software company to hammer out a noteworthy $38.95 to $41.15 range today, and finally closing at $41.13 to end the session. Daily trading volume (3.70 million shares) increased, making up 165% of the 21-day average (2.24 million).