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Today's Stock Market News & Events: 3/18/2021

Today's market-moving economic data and earnings schedule

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Today the Philadelphia Fed Manufacturing Index, and initial and continuing jobless claims are due out.

The following companies are slated to release quarterly earnings reports today, March 18:

Accenture plc. (NYSE:ACN -- $264.27) provides strategy and consulting, interactive, and technology and operations services. Accenture will report its Q2 earnings of 2021 before the bell today.

Canadian Solar Inc. (NASDAQ:CSIQ -- $41.40) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Canadian Solar will report its Q4 earnings of 2020 before the bell today.

Commercial Metals Co. (NYSE:CMC -- $28.35) manufactures, recycles, and fabricates steel and metal products, and related materials and services. Commercial Metals will report its Q2 earnings of 2021 before the bell today.

Dollar General Corp. (NYSE:DG -- $187.51) provides various merchandise products. Dollar General will report its Q4 earnings of 2020 before the bell today.

G-III Apparel Group Ltd. (NASDAQ:GIII -- $31.38) designs, sources, and markets women's and men's apparel. G-III Apparel will report its Q4 earnings of 2020 before the bell today.

HeadHunter Group plc. (NASDAQ:HHR -- $33.37) operates an online recruitment platform. HeadHunter Group will report its Q4 earnings of 2020 before the bell today.

Signet Jewelers Ltd. (NYSE:SIG -- $59.35) engages in the retail sale of diamond jewelry, watches, and other products. Signet Jewelers will report its Q4 earnings of 2020 before the bell today.

Titan Machinery Inc. (NASDAQ:TITN -- $28.14) owns and operates a network of full-service agricultural and construction equipment stores. Titan Machinery will report its Q4 earnings of 2020 before the bell today.

Weibo Corp. (NASDAQ:WB -- $50.44) operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. Weibo will report its Q4 earnings of 2020 before the bell today.

FedEx Corp. (NYSE:FDX -- $265.84) engages in the provision of a portfolio of transportation, e-commerce, and business services. FedEx will report its Q3 earnings of 2021 after the market closes today.

LexinFintech Holdings Ltd. (NASDAQ:LX -- $13.54) operates as an online consumer finance platform for young professionals in the People's Republic of China. LexinFintech will report its Q4 earnings of 2020 after the market closes today.

NIKE Inc. (NYSE:NKE -- $144.82) engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. NIKE will report its Q2 earnings of 2021 after the market closes today.

Ollie's Bargain Outlet Holdings Inc. (NASDAQ:OLLI -- $90.23) operates as a retailer of brand name merchandise. Ollie's Bargain Outlet will report its Q4 earnings of 2020 after the market closes today.

Scholastic Corp. (NASDAQ:SCHL -- $30.55) publishes and distributes children's books. Scholastic will report its Q4 earnings of 2020 after the market closes today.

Here is a quick recap of how Tuesday's earnings reports played out compared to Wall Street's expectations:

Cintas Corp. (NASDAQ:CTAS -- $347.95) provides corporate identity uniforms and related business services. Earnings per share rose 9.72% over the past year to $2.37, which beat the estimate of $2.21. Revenue of $1,777,000,000 decreased by 1.88% from the same period last year, which beat the estimate of $1,750,000,000.

Pinduoduo Inc. (NASDAQ:PDD -- $160.89) operates an e-commerce platform in the People's Republic of China. Earnings per share increased 83.33% over the past year to ($0.02), which missed the estimate of $0.01. Revenue of $4,068,600,000 up by 162.49% year over year, which beat the estimate of $2,960,000,000.

Five Below Inc. (NASDAQ:FIVE -- $193.46) operates as a specialty value retailer in the United States. Earnings per share rose 11.68% year over year to $2.20, which beat the estimate of $2.11. Revenue of $858,514,000 up by 24.94% from the same period last year, which beat the estimate of $838,260,000.

Herman Miller Inc. (NASDAQ:MLHR -- $41.58) engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services. Earnings per share decreased 12.16% over the past year to $0.65, which beat the estimate of $0.58. Revenue of $590,500,000 declined by 11.30% year over year, which beat the estimate of $587,270,000.

PagerDuty Inc. (NYSE:PD -- $40.97) operates a platform for real-time operations. Earnings per share decreased 133.33% year over year to ($0.07), which beat the estimate of ($0.11). Revenue of $59,284,000 rose by 29.09% from the same period last year, which beat the estimate of $57,430,000.

Semtech Corp. (NASDAQ:SMTC -- $72.27) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Earnings per share were up 27.50% over the past year to $0.51, which beat the estimate of $0.48. Revenue of $164,673,000 higher by 19.33% year over year, which beat the estimate of $158,290,000.

Looking ahead to tomorrow, the trading week will close out with a barren economic data schedule. All economic dates listed here are tentative and subject to change.

 
 

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