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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 while Nasdaq closed the day at 11,200, having gained 0.45%. After dropping 0.28%, Dow Jones closed at 31,819.
3Rd quarter earnings season is mostly over, with Lufax Holding Ltd & Oracle 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. 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 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 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 23.12%.
An influx of sellers pushed the personalized health management firm to end the session lower around $3.79, while establishing a $3.77 to $4.05 session range yesterday. Daily trading volume (306,306 shares) increased, making up 194% of the 21-day average (157,554).
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) was higher than the current multiday average of 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.
Toro Company hit a significant low of $73.83 around 8 months ago, but has since recovered 48.03%. So far this year, it has been doing worse than the Nasdaq by 11%. The industrial company's market cap currently stands at $11.35 billion with an average daily volume of 940,453 shares.
DocuSign: better than estimations
DocuSign 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%.
DocuSign ended Friday's session at $49.69. yesterday started with an increase to $54.45, but dropped back and closed at $53.06. Daily trading volume (10.20 million shares) increased, making up 188% of the 21-day average (5.42 million).
