Centrais Elétricas Brasileiras S.A. – Eletrobrás, Adobe, Jabil Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.

Leading equity indices in the US declined as Nasdaq slipped 0.68% and closed at 13,700. S&P 500 shed 0.37% and closed at 4,409.59.

The earnings season is coming to an end and Centrais Elétricas Brasileiras S.A. – Eletrobrás & Canopy Growth Corporation have release their reports.

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.

Markets were down, stocks have released their quarterly earnings reports. Have a look at this rundown.

Centrais Electricas Brasileiras | Negative surprise today

Centrais Elétricas Brasileiras S.A. – Eletrobrás reported earnings of 0.32 per share and revenue at $9.21 billion.

During Friday's session, Centrais Electricas Brasileiras toiled and struggled for upward momentum before closing at $8. By the close, the the hydroelectric power generation company suffered a 26 cents or 3.03% loss.

Centrais Electricas Brasileiras hit a significant low of $5.75 around 2 months ago, but has since recovered 43.65%. So far this year, it has been doing worse than the Nasdaq by 14.12%. Currently, the Brazilian electric utilities company has a market capitalization of $19.32 billion with an average daily volume of 1.46 million shares.

Adobe: mixed results

Adobe reported earnings results Thursday, with EPS at 3.04 and revenues at $4.82 billion; these results are mixed when compared to a consensus of 3.79 Earnings Per Share and $4.43 billion revenue. Since the release of its earnings report, Adobe gained 3.26%.

An influx of buyers helped the digital media software company to end the session higher around $495.18, while establishing a $494.62 to $518.74 session range Friday. Daily trading volume (13.34 million shares) increased, making up 241% of the 21-day average (5.53 million).

Jabil: mixed results

Jabil reported earnings results Thursday, with EPS at 1.85 and revenues at $8.47 billion; these results are mixed when compared to a consensus of 1.87 Earnings Per Share and $8.20 billion revenue. Since the release of its earnings report, Jabil gained 5.69%.

Generally flat but with a slight bullish bias, Jabil ranged between $103.31 and $106.5 before closing higher at $105.36. Daily trading volume (2.30 million shares) increased, making up 196% of the 21-day average (1.17 million).

Lennar | Retains upward momentum since earnings report Wednesday

Lennar released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of 2.94 per share on revenue of $8 billion, topping estimates of 2.31 per share on revenue of $7.18 billion. Since the release of its earnings report, Lennar gained 3.46%.

Without a clear direction, Lennar closed at $120 while ranging between $119.85 and $121.95.

The past 3 months have been positive for the home construction and real estate company as it added 16% compared to its 3-month low of $65.65. The S&P 500 has been doing worse in 2022, it has been passing it by 19.82%. Lennar is currently trading with a market cap of $34.22 billion with an average daily volume of 2.91 million shares.