The 3 stocks who published earnings prior to markets tumbling

Published: January 25 2023, 19:10 GMT+0

The 3 stocks who published earnings prior to markets tumbling

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

The leading indices are falling — Nasdaq slipping 0.63% and closing at 11,262. S&P 500 trades at 4,004 after losing 0.33%.

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 earnings results yesterday; with EPS at 2.32; these results are inconclusive when compared to a consensus of 2.27 Earnings Per Share. Since the release of its earnings report, Microsoft lost 0.74%.

While Microsoft is in the midst of a 4 day up trend, now turning against its recent performance, the iconic OS developer drops 0.52% in early trade and remains within touching distance of the $240.79 level. As things stand, trading volume is at 49.85 million, 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 1.38%.

Slightly weaker but mostly flat: Verizon is currently trading at $40.18 as it maintains an active range between $39.91 and $41.09.

TI | better than expected earnings yesterday

TI is down despite the fact that on yesterday the company released its quarterly earnings, 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.

The semiconductors, electronics designer and manufacturer drops 1.29% in early trade and remains within touching distance of the $174.76 level.

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