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These stocks are the biggest winners from earnings season so far

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018.


These stocks are the biggest winners from earnings season so far


Not all companies have fared this well after releasing their quarterly reports, however. For example, Astec Industries — a company that makes machines for asphalt road building — fell 26% after reporting earnings, the worst reaction to quarterly results from any company that has reported so far.

Shoemaker Sketchers U.S.A. also dropped 10.4% on the back of its earnings report, while Canadian cannabis company Aphria plunged nearly 15% on the back of its results. Bank of New York Mellon, meanwhile, fell 9.5%.

More than a third of S&P 500 companies have reported calendar first-quarter earnings so far, with most of them topping analyst expectations. Investors anxiously awaited this corporate earnings season as they worried that profits could contract on a year-over-year basis.

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