DarioHealth Corp., Oracle, The Toro Company and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US declined as after dropping 1.45%, S&P 500 closed at 3,861.59. Nasdaq lost 1.76% and ended the session at 11,139.
Centrais Elétricas Brasileiras S.A. – Eletrobrás and Algonquin Power & Utilities Corp. due to release their earnings reports within the following week.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were down, stocks have released their quarterly earnings reports. Have a look at this rundown.
DarioHealth: mixed results
DarioHealth Corp. reported earnings results Thursday; with EPS at -0.51; these results are inconclusive when compared to a consensus of -0.6 Earnings Per Share. Since the release of its earnings report, DarioHealth Corp. lost 18.86%.
The digital therapeutics company plunged into the red after losing 9.91%, declining to $four. Daily trading volume (417,172 shares) increased, making up 283% of the 21-day average (147,455).
Oracle: EPS of 0.96, Revenue of $12.28 billion
Following the release of quarterly results, Oracle trades at $84.07.
Early in yesterday's session, Oracle dropped to $82.88 from $86.87 at the end of Thursday, before closing at $84.07. During the session, it lost 3.22%. Daily trading volume (15.70 million shares) increased, making up 233% of the 21-day average (6.73 million).
Toro Company: mixed results
Toro Company reported earnings results Thursday; with EPS at 0.98, these results are ambiguous when compared to a consensus of 0.91 Earnings Per Share. Since the release of its earnings report, Toro Company lost 3.51%.
After ending Thursday at $115.91, Toro Company declined to $108.62 yesterday before closing at $109.29, thereby losing 5.71% in total. Trading volume totalled 756,045 which equates to around 80% of the stock's 21-day average yesterday.