Bullish sentiment arrives following recent earnings figures among stocks

Published: November 25 2022, 14:10 GMT+0

Bullish sentiment arrives following recent earnings figures among stocks

Oshkosh Corporation, Royal Gold, Inc., Royal Gold, Inc. are the ones to read about today.

Leading equity indices in the US rose as Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 gained 0.59% and closed at 4,027.26.

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.

Oshkosh Corporation: EPS of one, Revenue of $2 billion

Oshkosh Corporation trades at $92.91 after the company released its quarterly results.

Though in the midst of a 5 day uptrend, gaining a total of 1.59%, ($2.28), Wednesday's session suggests run might be coming to an end — an influx of sellers pushed the specialty vehicle manufacturer to end the session lower around $92.91, while establishing a $92.27 to $93.84 session range Wednesday.

Oshkosh Corporation hit a significant low of $70.29 around a month ago, but has since recovered 33.36%. So far in 2022, it has performed better than the Nasdaq by 22.33%. The company has a market cap of $6 billion with an average daily trading volume of 393,967 shares.

Royal Gold: EPS of 0.71, Revenue of $131.43 million

Following the release of quarterly results, Royal Gold trades at $110.1.

Royal Gold continues a 5 day uptrend, gaining a total of 6.95%. Wednesday's session pointed in the same direction — Royal Gold rose 62 cents to close at $110.1 Wednesday which makes for a move of 0.57%.

The precious metals company has recovered 26.63% since descending to a significant low of $86.46 around a month ago. The company's market cap is $7.23 billion with an average daily volume of 440,542 shares.

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