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Glossary · Events

Earnings report

The quarterly results a public company must publish: sales, profits and usually guidance.

Why it matters

Prices can jump or fall 5% to 15% overnight on results versus expectations. It is the biggest scheduled risk for most stocks.

How to read it

BMO means before the market opens, AMC after it closes. Options get more expensive into the report and cheaper right after.

Related

Expected moveThe size of move the options market is pricing for a stock by a given date.Volatility crushThe sharp drop in implied volatility right after an event like earnings.

In the Cluenex app, this explanation opens next to every earnings report figure, with the live reading for the stock you are looking at. Open it in Cluenex