A financial document that a company releases to show how much money it made and spent during a specific period, usually three months or one year. It includes key numbers like revenue, expenses, and profit. Public companies are required by law to release these reports regularly.
Apple releases an earnings report showing it made $100 billion in revenue during the last quarter, but spent $60 billion on costs, leaving $40 billion in profit. Investors read this report to understand if the company is performing well.
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