The average company that has reported earnings since Alcoa (AA) kicked off earnings season last Monday has declined 1.18% on the day of its report. (For companies that report after the close, we use the next day's change.) Only 126 companies have reported so far, but that's a pretty negative number. Below we highlight the stocks that have had the most positive and negative reactions to their earnings reports this season.
As shown, HB Fuller (FUL) has had the best report day with a gain of 15.12%. Intuitive Surgical (ISRG) ranks second with a gain of 14.20%, followed by Apollo Group (APOL), Polycom (PLCM), Southwest Bancorp (OKSB), and ITT Educational (ESI). Other notable names on the list of winners include General Electric (GE), eBay (EBAY), Morgan Stanley (MS), and IBM.
F5 Networks (FFIV) has had the worst response to its earnings report so far this season with a one-day decline of 21.35%. MGIC Investment (MTG) ranks second with a one-day decline of 20.52%. Cree (CREE), Spectrum Control (SPEC), and Supervalu (SVU) are the only other stocks that have had double-digit percentage declines on their report days. Citigroup (C) is the most notable name on the list of earnings losers with its decline of 6.43% on Tuesday.