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February 24, 2023
MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq slipped 1.69% and closed at 11,400. Dow Jones closed at 32,817, a 1.02% change.
NICE Ltd. & CommScope Holding Company, Inc. have released their earnings reports with Marvell Technology Group Ltd and Best Buy Co Inc are set to publish their respective reports as scheduled.
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 were down, stocks have released their quarterly earnings reports. Have a look at this rundown.
MasTec | Retains upward momentum since earnings report yesterday
MasTec, Inc. released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.94 per share on revenue of $3 billion, topping estimates of 0.92 per share on revenue of $2.91 billion. Since the release of its earnings report, MasTec, Inc. gained 4.23%.
After dropping down to $89, the power plant and renewable energy company recovers some losses and is currently trading at $97.18. Daily trading volume (1.91 million shares) increased, making up 322% of the 21-day average (592,720).
DISH: mixed results
DISH reported earnings results yesterday, with EPS at 1.47 and revenues at $4 billion; these results are mixed when compared to a consensus of 0.47 Earnings Per Share and $4.15 billion revenue. Since the release of its earnings report, DISH gained 1.45%.
After ending yesterday at $13.76, Dish Network declined to $13.11 today before closing at $13.27, thereby losing 3.56% in total. Daily trading volume (5.15 million shares) increased, making up 117% of the 21-day average (4.41 million).
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.55 after the company released its quarterly results.
Early in today's session, Medical Properties Trust dropped to $10.55 from $11.14 at the end of yesterday, before closing at $10.55. During the session, it lost 5.3%. Daily trading volume (24.48 million shares) increased, making up 152% of the 21-day average (16.16 million).
Mister Car Wash: mixed results
Mister Car Wash reported mixed earnings results yesterday, with EPS at 0.06 (compared to a consensus of 0.05 Earnings Per Share) and revenue of $214.35 million.
Mister Car Wash ended yesterday at $9.24. today it went up to $9.56 only to drop back, yet still managed to close at $9.41.
Having set a significant high of $16.37 11 months ago, the car wash specialist is trading 43.56% lower. Mister Car Wash has a market cap of $2.87 billion with an average daily trading volume of 1.52 million shares.
