Science Applications International Corporation, PLAYSTUDIOS, Inc., Gap Inc and other stocks published their quarterly earnings. Here's what you need to know.
The leading indices are slipping — Dow Jones trades at 33,400 after losing 0.6%. S&P 500 drawing back 0.47% to 4,105.
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 are down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Science Applications International Corporation: EPS of zero, Revenue of $1.97 billion
Following the release of quarterly results, Science Applications International Corporation trades at $107.33.
The space mission integrator is trading close to the $107.33 level today, after ending yesterday at $110.5 and dropping 2.87%.
The free-to-play casual game developer is trading close to the $3.65 level today, after ending yesterday at $3.73 and dropping 2.14%.
The clothing and accessories retailer slides down from $10.08 to $9.77, losing 31.5 cents (3.12%).
The digital therapeutics company slides down from $3.93 to $3.87, losing 6 cents (1.53%).