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June 01, 2023
CrowdStrike Holdings, Inc., nCino, Inc., Veeva Systems Inc. are the ones to read about today.
Markets are mixed with Dow Jones trades at 32,800 after losing 0.33%. Nasdaq up to 12,966, gaining 0.24%.
Five Below, Inc. and Asana, Inc. have released their earnings reports; The Toro Company and Vail Resorts, Inc. will publish their respective reports in due course.
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.
CrowdStrike: mixed results
CrowdStrike Holdings, Inc. reported inconclusive earnings results yesterday, with revenue at $692.58 million, compared to a consensus of $677.37 million. Since the release of its earnings report, CrowdStrike Holdings, Inc. lost 3.34%.
CrowdStrike is down to $153.29, after ending yesterday at $160.13. Overall, a 4.27% loss or $6.84 today.
The US software company has recovered 69.06% since descending to a significant low of $94.72 around 4 months ago. CrowdStrike has a market cap of $36.35 billion with an average daily trading volume of 3.98 million shares.
NCino | Retains downward momentum since earnings report yesterday
The company reported earnings of -0.18 per share and revenue at $113.67 million. Since the release of its earnings report yesterday, nCino lost 9.94%.
NCino is down to $24.83, after ending yesterday at $27.49. Overall, a 9.68% loss or $2.66 today.
Veeva Systems: mixed results
Veeva Systems reported earnings results yesterday, with EPS at 0.64 and revenues at $526.33 million; these results are mixed when compared to a consensus of 0.79 Earnings Per Share and $515.81 million revenue. Since the release of its earnings report, Veeva Systems gained 15.68%.
After closing the previous trading day at $165.7, Veeva Systems is up to $189.31, which makes for a move of 14.25%/$23.62 today.
Capri Holdings | beats expected EPS of 0.94
The company released its quarterly earnings yesterday, beating analysts estimates. The company reported earnings of 1.02 per share on revenue of $1.33 billion, topping estimates of 0.94 per share on revenue of $1.28 billion. Since the release of its earnings report, Capri Holdings lost 12%.
Capri Holdings is down to $34.84, after ending yesterday at $35.1. Overall, a 0.74% loss or 26 cents today.
Having soared to a high of $68.38 approximately 3 months ago, the fashion holding company is now trading 48.67% lower. So far this year, it has been doing worse than the Nasdaq by 58.94%. The fashion holding company's market cap currently stands at $4.38 billion with an average daily volume of 2.73 million shares.
