3 stocks released earnings reports earlier today amid flat trade

Published: January 25 2023, 20:10 GMT+0

3 stocks released earnings reports earlier today amid flat trade

Microsoft, Verizon, Texas Instruments are the ones to read about today.

Markets don't have a clear cut direction β€” Dow Jones holds at 33,760. Nasdaq trades at 11,326 with no major change.

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.

Microsoft: mixed results

Microsoft reported ambiguous earnings results yesterday, with revenue at $52.75 billion, compared to a consensus of $52.96 billion. Since the release of its earnings report, Microsoft lost 0.29%.

While Microsoft is on a 4 day uptrend today's session might suggest a slow down β€” the software giant ended yesterday at $242.04 and dropped 0.07% today as it reaches the end of the current session. Current trading volume stands at 56.62 million; 196% above the 21-day average of 28.95 million.

Verizon: mixed results

Verizon reported earnings results yesterday, with EPS at 1.19 and revenues at $35.25 billion; these results are mixed when compared to a consensus of 1.2 Earnings Per Share and $35 billion revenue. Since the release of its earnings report, Verizon gained 1.78%.

Slightly weaker but mostly flat: Verizon is currently trading at $40.34 as it maintains an active range between $39.91 and $41.09.

TI | beats expected EPS of 1.96

The company released its quarterly earnings yesterday, beating analysts estimates. The company reported earnings of 2.13 per share on revenue of $4.67 billion, topping estimates of 1.96 per share on revenue of $4.62 billion. Since the release of its earnings report, TI lost 1.84%.

TI is on a 4 day uptrend β€” now turning against its recent performance, the embedded processing and electronics company ended yesterday at $177.04 and dropped 1.21% today as it reaches the end of the current session.

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