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May 11, 2023
Nova Ltd., Western Midstream Partners, LP, Gilat Satellite Networks Ltd. are the ones to read about today.
The leading indices are dropping — Dow Jones drawing back 0.88% to 33,236. S&P 500 slipping 0.38% and closing at 4,121.77.
3Rd quarter earnings season is mostly over, with NICE Ltd. and Nutrien Ltd. 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.
Nova: EPS of 1.28, Revenue of $151.24 million
Following the release of quarterly results, Nova Ltd. trades at $92.42.
After closing the previous trading day at $91.27, Nova went up to $95.22 only to drop back; still positive overall today, now trading at $92.42.
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 0.35% since the release of its earnings report.
After dipping down to $25.29 today, the midstream oil and gas company is recovering but is not yet all the way back to $25.73.
Gilat: EPS of 0.14, Revenue of $27.72 million
Gilat trades at $5.45 after the company released its quarterly results.
Slightly weaker but mostly flat: Gilat is currently trading at $5.45 as it maintains an active range between $5.38 and $5.49.
