The 4 stocks who published earnings prior to markets tumbling

Marketaxess Holdings Inc, Carvana Co., SEI Investments Company and other stocks published their quarterly earnings. Here's what you need to know.

The leading indices are slipping — Nasdaq slipping 0.37% and closing at 12,100. Dow Jones trades at 33,944 after losing 0.13%.

As Q1 earnings reports begin to trickle in, most of the reporting companies have fallen short of Wall Street estimates. Bank of New York Mellon Corp and Commerce Bancshares, Inc. were featured this past week while STMicroelectronics N.V. and Credit Suisse Group AG are scheduled next.

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.

MarketAxess Holdings descends 1.06% ahead of quarterly report tomorrow

Marketaxess Holdings Inc is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 1.89 and the consensus revenue estimate is $201.19 million.

Drifting lower, the trading platform developer is nearing the end of the session at $336.58 after ranging between $336.34 and $341.92 today.

Carvana Co.: EPS of -0.97, Revenue of $2.84 billion

Following the release of quarterly results, Carvana Co. trades at $8.86.

The used car dealer is sliding down from $9.06 to $8.86, taking a 2.21% loss as it nears the end of the session.

SEI Investments Company gains 0.69% ahead of the quarterly earnings report set for Thursday

SEI Investments Company is scheduled to announce earnings results Thursday. The consensus EPS estimate is 0.82 and the consensus revenue estimate is $467.83 million.

After closing yesterday at $58.02, the investment management firm spiked to $58.56 before giving back its gains and closing the session at $58.42.

Tesla slumps 1.64% ahead of quarterly report tomorrow

Tesla is trading in a $183.59 – $187.69 range prior to its earnings announcement.

The trendy EV maker is sliding down from $187.04 to $184, taking a 1.64% loss as it nears the end of the session.