Bullish sentiment arrives following recent earnings figures among stocks

Workday Inc, Ralph Lauren Corp, Medtronic are the ones to read about today.

Leading equity indices in the US rose as Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

Pinduoduo & Booz Allen Hamilton Holding Corporation have released their earnings reports; Five Below, Inc. and Asana, Inc. will publish their respective reports in due course.

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.

Markets were up and stocks have released their quarterly earnings reports. Have a look.

Workday: mixed results

Workday Inc reported earnings results Thursday, with EPS at -0.17 and revenues at $1.68 billion; these results are mixed when compared to a consensus of 1.12 Earnings Per Share and $1.67 billion revenue. Since the release of its earnings report, Workday Inc gained 10.13%.

Workday has posted further gains as part of a 12 day trend that has already seen the stock gain $18.09. Workday lived up to expectations yesterday by maintaining its set course — the cloud applications for finance and human resources provider rose as high as $218.88 before giving up its gains and dropping back to $216.07 before the close on yesterday.

A day ago the cloud applications for finance and human resources provider reached a significant high of $214.97 but has consequently lost 8.63% since then. So far this year, it has been outperforming the Nasdaq by 9.86%. Workday's market cap currently stands at $56.27 billion with an average daily volume of 1.84 million shares.

Ralph Lauren | Retains upward momentum since earnings report Thursday

Ralph Lauren was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.9 per share on revenue of $1.54 billion, topping estimates of 0.61 per share on revenue of $1.47 billion.

Though in the midst of a 4 day uptrend, gaining a total of 4.45%, ($6.04), yesterday's session suggests run might be coming to an end — an influx of sellers pushed the luxury fashion brand to session lows around $111.93 while establishing a $111.93 to $114.55 session range yesterday.

The luxury fashion brand is up 35.78% from the significant low of $83.96 it hit 7 months ago. So far this year, it has been under-performing the S&P by 5.55%. The company is currently trading with a market cap of $7.44 billion with an average daily trading volume of 923,227 shares.

Medtronic: mixed results

The company reported mixed earnings results Thursday, with EPS at 1.52 and revenues at $8.54 billion. Since the release of its earnings report, Medtronic lost 6.89%.

Over the last 22 days, Medtronic has fallen 10.86%. yesterday's session continued the recent downtrend: early in yesterday's session, Medtronic dropped to $81 from $83.54 at the end of Thursday, before closing at $81.46. During the session, it lost 2.49%.

Since its 52-week high of $100.15, the American-Irish medical device company has lost 17.73% over the last twelve months. So far this year, it has been doing worse than the S&P 500 by 4.9%. The company's market cap currently stands at $108.38 billion with an average daily volume of 5.13 million shares.