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March 13, 2023
DarioHealth Corp., Oracle, The Toro Company are the ones to read about today.
Leading equity indices in the US declined as S&P 500 shed 1.45% and closed at 3,861.59. After dropping 1.76%, Nasdaq closed at 11,139.
3Rd quarter earnings season is mostly over, with Oracle and The Toro Company releasing their earnings reports just this 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
The company reported mixed earnings results Thursday, with EPS at -0.51 and revenues at $12.99 million. Since the release of its earnings report, DarioHealth Corp. lost 18.86%.
The personalized health management firm plunged into the red after losing 9.91%, declining to $four. Daily trading volume (417,832 shares) was higher than the current multiday average of 147,455.
Oracle: EPS of 0.96, Revenue of $12.28 billion
Oracle trades at $84.07 after the company released its quarterly results.
After ending Thursday at $86.87, Oracle dropped to $82.88 early in Friday's session and closed at $84.07. In total, it lost 3.22%. Daily trading volume (16 million shares) was higher than the current multiday average of 6.73 million.
Toro Company: mixed results
The company reported earnings results Thursday; with EPS at 0.98 and revenues at $1.15 billion, these results are mixed compared to a consensus of 0.91 Earnings Per Share and $1.17 billion revenue. Since the release of its earnings report, Toro Company lost 3.51%.
Early in Friday's session, Toro Company dropped to $108.62 from $115.91 at the end of Thursday, before closing at $109.29. During the session, it lost 5.71%. Trading volume totalled 784,537 which equates to around 83% of the stock's 21-day average Friday.
DocuSign | beats expected EPS of 0.04
DocuSign was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.07 per share on revenue of $659.58 million, topping estimates of 0.04 per share on revenue of $626.93 million.
Early in Friday's session, DocuSign dropped to $49.42 from $64.41 at the end of Thursday, before closing at $49.69. During the session, it lost 22.85%. Daily trading volume (29 million shares) increased, making up 573% of the 21-day average (5 million).
