F5 Networks Inc, ManpowerGroup Inc., Seagate Technology PLC are the ones to read about today.
The leading indices are dropping — Nasdaq trades at 12,000 after losing 0.61%. S&P 500 drawing back 0.17% to 4,126.49.
3Rd quarter earnings season is mostly over, with F5 Networks Inc and Universal Health Services 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. 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.
F5 Networks | Negative surprise today
F5 Networks Inc reported earnings of 1.34 per share and revenue at $7.58 million.
After dipping as low as $132, the US online security firm is recovering ground lost since the previous session close ($134.02); currently trading at $133.07.
The US online security firm has fallen back around 33.98% from the significant high of $203 set 11 months ago. So far this year, it has been doing worse than the S&P by 14.96%. The company has a market cap of $8 billion with an average daily volume of 649,518 shares.
ManpowerGroup: mixed results
ManpowerGroup reported ambiguous earnings results Thursday, with EPS at 1.88 and revenues at $4.75 billion. Since the release of its earnings report, ManpowerGroup lost 6.56%.
While bearish sentiment is dominating the market, the workforce solutions provider is maintaining its poise around $74.28 while ranging between $74.04 and $74.73 so far today.
Currently trading at $56.84, Seagate remains range-bound between $55.79 and $56.85.