Most of the time, news and events that affect stocks can feel almost random.

But there is one type of event that always happens at a fixed schedule 🤔

Every quarter, each public company in the US releases an earnings report. 📊

Investors & analysts watch these reports very closely, and scrutinize every piece of information in them!

Earnings reports contain 2 main things:

Financial statements, and an Earnings Call ☎️

Financial statements are a set of reports that show a company's financial performance and health⚕️

We’ll talk about these in more detail in future lessons!

The Earnings Call is a video call where the company’s CEO, like Tesla’s Elon Musk or Apple’s Tim Cook, gives a presentation about their business.

CEOs typically explain their financial numbers, future plans and outlook, and answer questions about their business. 🎤

The best part about financial statements and earnings calls is that they're not just for pros!

Anyone can access these for free 🌍

Listening to earnings calls can be a great way to learn more about a business beyond just the numbers you see on their stock page 🤔

Next, we’ll talk about how earnings reports can affect stock prices, and how you might want to prepare for them!