UnitedHealth, Delta Air Lines, Inc., Fastenal Co and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. Nasdaq slipped 0.35% and closed at 12,123.
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.
UnitedHealth: EPS of zero, Revenue of $91.93 billion
Following the release of quarterly results, UnitedHealth trades at $511.79.
Early in yesterday's session, UnitedHealth dropped to $508.5 from $526.23 at the end of Thursday, before closing at $511.79. During the session, it lost 2.74%. Daily trading volume (4.85 million shares) was higher than the current multiday average of 3.46 million.
Delta Air Lines: EPS of zero, Revenue of $12.76 billion
Delta Air Lines trades at $33.77 after the company released its quarterly results.
After closing at $33.37 on Thursday, Delta Air Lines rallied as high as $34 but ended the day at $33.77. Daily trading volume (14.85 million shares) was slightly above the current multiday average of 11.75 million.
Fastenal: EPS of zero, Revenue of $1.86 billion
Fastenal trades at $53.27 after the company released its quarterly results.
The industrial and construction supplies provider went up to $53.27, gaining 1.78%. Daily trading volume (5.32 million shares) was higher than the current multiday average of 3.57 million.
Carmax: EPS of zero, Revenue of $5.72 billion
Carmax trades at $69.46 after the company released its quarterly results.
After closing at $69 on Thursday, Carmax maintained a strong bullish bias that helped the stock close higher at $69.46 yesterday. However, market bears ensured the the used car company topped out at $71.5 and that by the end of the session, the market had marked out a distinct $68.49 to $71.5 range. Yesterday's trading volume was 2.75 million shares which is slightly under the 21-day average of 3.14 million.