Bullish sentiment arrives following recent earnings figures among stocks

Workday Inc, Ralph Lauren Corp, Medtronic and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.

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.

Five Below, Inc. & Asana, Inc. due to release their earnings reports within the following week.

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. yesterday's session pointed in the same direction — after closing yesterday at $216.07, the provider of enterprise cloud applications for human resources peaked at $218.88 before giving up early gains and closing at $216.07. Daily trading volume (6.62 million shares) was higher than the current multiday average of 1.84 million.

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), the prevailing bullish trend is beginning to fade following yesterday's downbeat session. An influx of sellers pushed the renowned fashion company to session lows around $111.93 while establishing a $111.93 to $114.55 session range yesterday. Ralph Lauren's recent uptrend could be petering out after the company eclipsed its average daily volume of 923,227 by 142% today.

Medtronic: mixed results

The company reported earnings results Thursday; with EPS at 1.52 and revenues at $8.54 billion, these results are mixed compared to a consensus of 1.56 Earnings Per Share and $8.25 billion revenue. Since the release of its earnings report, Medtronic lost 6.89%.

Medtronic's bearish run has lasted 22 days so far (-$7.84). yesterday's session continued down the same path: 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%.
Daily trading volume (8.42 million shares) was higher than the current multiday average of 5.13 million.