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March 14, 2023
DarioHealth Corp., Oracle, The Toro Company and other stocks published their quarterly earnings. Here's what you need to know.
Markets completed a mixed session yesterday, as Nasdaq closed the day at 11,200, having gained 0.45%. Dow Jones slipped 0.28% and closed at 31,819.
Lufax Holding Ltd and Oracle have released their earnings reports; Pinduoduo and UroGen Pharma Ltd. 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. 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 are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
DarioHealth: mixed results
DarioHealth Corp. reported inconclusive earnings results Thursday, with EPS at -0.51 and revenues at $12.99 million. Since the release of its earnings report, DarioHealth Corp. lost 23.12%.
Pronounced bearish sentiment in the market pushed the digital therapeutics company into a notable 5.25% slide yesterday, falling 21 cents and ultimately closing at $3.79.
Approximately 9 months ago, the personalized health management firm reached a significant high of $7.45 but has struggled to hold onto its gains and declined 46.31% since then. The digital therapeutics company's market cap currently stands at $98 million with an average daily trading volume of 157,554 shares.
Oracle: EPS of 0.96, Revenue of $12.28 billion
Oracle trades at $84.93 after the company released its quarterly results.
After closing at $84.07 on Friday, Oracle maintained a strong bullish bias that helped the stock close higher at $84.93 yesterday. However, market bears ensured the the US tech hardware giant topped out at $85.53 and that by the end of the session, the market had marked out a distinct $82.04 to $85.53 range. Daily trading volume (10.30 million shares) increased, making up 147% of the 21-day average (7 million).
Toro Company: mixed results
Toro 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 3.88%.
The industrial equipment maker has recovered almost all of its session losses after dipping down to $106.79 yesterday. Yesterday's trading volume was 649,756 shares which is slightly below the 21-day average of 940,453.
DocuSign: better than estimations
The company released its quarterly earnings Thursday, beating analysts estimates. The company 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. Since the release of its earnings report, DocuSign lost 19.18%.
The cloud based documents processing provider topped out at $54.45 having ended yesterday at $53.06. However, despite early momentum, the stock gave up its gains to now trade at $53.06. Daily trading volume (10.20 million shares) increased, making up 188% of the 21-day average (5.42 million).
Ulta Beauty | better than expected earnings Thursday
Ulta Beauty was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 6.68 per share on revenue of $3.23 billion, topping estimates of 5.69 per share on revenue of $3 billion.
Early in yesterday's session, Ulta Beauty dropped to $510.83 from $521.18 at the end of Friday, before closing at $513.68. During the session, it lost 1.44%. Daily trading volume (774,430 shares) increased, making up 128% of the 21-day average (604,500).
