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March 11, 2023
DarioHealth Corp., Oracle, The Toro Company and other stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US declined as S&P 500 was down 1.45% before closing the session at 3,861.59. Nasdaq slipped 1.76% and 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
DarioHealth Corp. reported ambiguous 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 (417,172 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.
After ending Thursday at $86.87, Oracle dropped to $82.88 early in yesterday's session and closed at $84.07. In total, it lost 3.22%.
The US tech hardware giant has recovered 42.25% since descending to a significant low of $61.07 around 5 months ago. So far this year, it has been doing worse than the Nasdaq by 6.23%. The company is currently trading with a market cap of $226.67 billion with an average daily 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 release of its earnings report, Toro Company lost 3.51%.
Early in yesterday'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%. Yesterday's trading volume was 756,045 shares which is slightly below the 21-day average of 943,550.
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.
After ending Thursday at $64.41, DocuSign declined to $49.42 yesterday before closing at $49.69, thereby losing 22.85% in total.
After hitting an important low of $39.8 approximately 4 months ago, the automated cloud documents processing company has bounced back 61.83% since. So far this year, it has been under-performing the Nasdaq by 16.51%. The company is currently trading with a market cap of $9.99 billion with an average daily trading volume of 5 million shares.
