Carmax Inc, Albertsons Companies, Inc., Tilray, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets are mixed with Dow Jones up to 33,754, gaining 0.5%. S&P 500 up 0.27%, trading at 4,120.41.
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.
Though markets were flat, stocks have released their quarterly earnings reports. Take a look.
Carmax: EPS of zero, Revenue of $5.72 billion
Following the release of quarterly results, Carmax Inc trades at $72.91.
After closing yesterday at $65.86, the used car company went up to $73.57 only to drop back some of the way, and is now trading at $72.91.
The used car company has fallen back around 36.81% over the past 7 months, from a notable high of $104.22. So far this year, it has been outperforming the S&P 500 by 1.67%. Currently, the used car dealer has a market capitalization of $11.52 billion with an average daily trading volume of 2.71 million shares.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.89 after the company released its quarterly results.
Tough session sees the grocery store company shedding 1.53% in early trade
Albertsons Companies hit a significant low of $19.2 around 22 days ago, but has since recovered 10.47%. So far this year, it has been under-performing the Nasdaq by 11.59%. The company is currently trading with a market cap of $11.90 billion with an average daily volume of 5.23 million shares.
Tilray: EPS of zero, Revenue of $145.59 million
Following the release of quarterly results, Tilray trades at $2.52.
Tough session sees the US cannabis-lifestyle firm shedding 8.21% in early trade the trading volume is at 18.50 million, 164% above the 21-day average of 11.31 million.
RPM International: better than estimations
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 2.13%.
After ending yesterday at $82.14, RPM International is currently trading at $82.53.