| 
May 13, 2023
Nova Ltd., Western Midstream Partners, LP, Gilat Satellite Networks Ltd. 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 lost 0.35% and ended the session at 12,300. S&P 500 was down 0.16% before closing the session at 4,124.
3Rd quarter earnings season is mostly over, with Sun Life Financial Inc. & Aurora Cannabis Inc. releasing their earnings reports just this week.
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.
Nova: EPS of 1.28, Revenue of $151.24 million
Nova Ltd. trades at $94.12 after the company released its quarterly results.
The semiconductor manufacturing enabler went up to $94.12, gaining 1.14%.
Nova hit a significant low of $69.5 around 6 months ago, but has since recovered 33.9%. Currently, the chemical metrology solutions provider has a market capitalization of $2.70 billion with an average daily trading volume of 101,022 shares.
Western Midstream | Retains downward momentum since earnings report Tuesday
The company reported earnings of 0.52 per share Tuesday, falling short of expectations of 0.618. Revenue was also lower than expected at $733.98 million versus $771.64 million. Western Midstream lost 0.55% since the release of its earnings report.
Grinding lower but with no clear-cut direction, the natural gas distributor closed the session at $25.4 after forming a distinct $25.38 – $25.86 range. The day's trading volume totalled 421,280 shares — under the 21-day average of 677,357.
Gilat: EPS of 0.14, Revenue of $27.72 million
Following the release of quarterly results, Gilat trades at $5.51.
After dipping down to $5.36, Gilat regained earlier losses and closed at $5.51.
Gilat hit a significant low of $4.58 around 17 days ago, but has since recovered 19.87%. The company has a market cap of $311.95 million with an average daily volume of 113,484 shares.
Six Flags | Retains upward momentum since earnings report Monday
Six Flags released its quarterly earnings report Monday, beating analysts estimates. The company reported earnings of -0.76 per share on revenue of $279.88 million, topping estimates of -0.85 per share on revenue of $132.56 million. Since the release of its earnings report, Six Flags gained 18.63%.
Six Flags recovered from the previous trading session's losses and went up to $26.62 yesterday after it traded lower at $26.46. Yesterday's trading volume was 1.93 million shares which is slightly under the 21-day average of 2.67 million.
