Delta Air Lines, Inc., Fastenal Co, Carmax Inc are the ones to read about today.
The leading indices were losing ground — Dow Jones slipping 0.66% and closing at 33,800. Nasdaq trades at 12,053 after losing 0.93%.
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 are down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Delta Air Lines: mixed results
Delta Air Lines, Inc. reported earnings results yesterday; with EPS at 0.25, these results are ambiguous when compared to a consensus of 0.29 Earnings Per Share. Since the release of its earnings report, Delta Air Lines, Inc. lost 0.49%.
After closing at $33.37 yesterday, Delta Air Lines began today at $33.71 with significant bullish sentiment driving Delta Air Lines's price action higher. So far today, price action has drawn out a distinct $33.02 to $34 range.
The major US airline is now trading 12.64% below its 3-month high of $44.73. So far this year, it has been doing worse than the Nasdaq by 12.29%. The company is currently trading with a market cap of $21.53 billion with an average daily trading volume of 11.89 million shares.
Fastenal: EPS of 0.52, Revenue of $1.86 billion
Following the release of quarterly results, Fastenal trades at $52.85.
After ending yesterday at $52.34, Fastenal is currently trading at $52.85.
This year has been a bright one for the industrial and construction supplies company after trading as low as $43.87 and going on to appreciate by 10.42% year to date. So far this year, it has been under-performing the Nasdaq by 4.2%. Fastenal's market cap currently stands at $30.18 billion with an average daily volume of 3.50 million shares.
Carmax: EPS of zero, Revenue of $5.72 billion
Carmax trades at $68.67 after the company released its quarterly results.
After dipping as low as $68.49, the used car dealer is recovering ground lost since the previous session close ($69); currently trading at $68.67.
Albertsons Companies: EPS of zero, Revenue of $18.27 billion
Albertsons Companies trades at $20.66 after the company released its quarterly results.
A mostly flat day so far for the grocery store company, range-bound between $20.56 and $20.68 and currently at $20.66.
Tilray: mixed results
Tilray reported ambiguous earnings results Monday, with revenue at $145.59 million, compared to a consensus of $202.47 million. Since the release of its earnings report, Tilray lost 6.54%.
Slightly weaker but mostly flat: Tilray is currently trading at $2.43 as it maintains an active range between $2.43 and $2.54.