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May 17, 2023
Home Depot, Nova Ltd., Western Midstream Partners, LP are the ones to read about today.
Leading equity indices in the US declined as Dow Jones slipped 1% and closed at 33,000. S&P 500 shed 0.64% and closed at 4,110.
Take-Two Interactive Software Inc & WalkMe Ltd. have released their earnings reports; Kohl's Corporation & Splunk 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. 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.
Home Depot: mixed results
Home Depot reported earnings results yesterday; with EPS at 4.09 and revenues at $37.26 billion, these results are mixed compared to a consensus of 3.8 Earnings Per Share and $38.31 billion revenue. Since the release of its earnings report, Home Depot lost 2.15%.
After ending Monday at $288.54, Home Depot dropped to $277.09 early in yesterday's session and closed at $282.33. In total, it lost 2.15%. Daily trading volume (12.27 million shares) increased, making up 311% of the 21-day average (3.95 million).
Nova: EPS of 1.28, Revenue of $151.24 million
Nova Measuring Instruments trades at $96 after the company released its quarterly results.
Grinding lower but with no clear-cut direction, the chemical metrology solutions provider closed the session at $96 after forming a distinct $95.23 – $97.12 range.
The semiconductor manufacturing enabler has recovered 38.56% since descending to a significant low of $69.5 around 6 months ago. The company's market cap currently stands at $2.76 billion with an average daily trading volume of 100,671 shares.
An influx of sellers pushed the natural gas distributor to end the session lower around $25.73, while establishing a $25.59 to $26.17 session range yesterday. Trading volume totalled 712,147 which equates to around 97% of the stock's 21-day average yesterday.
After dipping down to $5.5, Gilat regained earlier losses and reaches $5.58. Yesterday's trading volume was 79,788 shares which is slightly under the 21-day average of 118,662.
An influx of sellers pushed the Texan theme park operator to session lows around $26 while establishing a $26 to $26.81 session range yesterday. The day's trading volume totalled 1.19 million shares — under the 21-day average of 2.66 million.
