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March 12, 2023
DarioHealth Corp., Oracle, The Toro Company and other stocks have published their quarterly earnings.
Leading equity indices in the US declined as S&P 500 closed at 3,861.59, a 1.45% change. Nasdaq shed 1.76% and closed at 11,139.
Oracle & The Toro Company have released their earnings reports; Centrais Elétricas Brasileiras S.A. – Eletrobrás & Algonquin Power & Utilities Corp. will publish their respective reports in due course.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
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 personalized health management firm 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
Oracle trades at $84.07 after the company released its quarterly results.
Early in Friday'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%.
Oracle hit a significant low of $61.07 around 5 months ago, but has since recovered 42.25%. So far this year, it has been under-performing the Nasdaq by 6.23%. The company's market cap currently stands at $226.67 billion with an average daily trading volume of 6.73 million shares.
Toro Company: mixed results
Toro Company reported inconclusive earnings results Thursday, with revenue at $1.15 billion, compared to a consensus of $1.17 billion. Since the publication of its earnings report, Toro Company has declined 3.51%.
After ending Thursday at $115.91, Toro Company declined to $108.62 Friday 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 Friday.
DocuSign | outperforms analyst estimates
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.
After ending Thursday at $64.41, DocuSign dropped to $49.42 early in Friday's session and closed at $49.69. In total, it lost 22.85%. Daily trading volume (28.90 million shares) was above the current multiday average of 5 million.
