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 Dow Jones slipped 0.87% and closed at 31,875. S&P 500 closed at 3,892, a 0.7% change.
Pinduoduo & UroGen Pharma Ltd. due to release their earnings reports within the following 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 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 17.44%.
During today's session, DarioHealth toiled and struggled for upward momentum before closing at $4.07. By the close, the the personalized health management firm suffered a 12 cents or 2.86% loss. Trading volume totalled 104,593 which equates to around 66% of the stock's 21-day average today.
Oracle: EPS of 0.96, Revenue of $12.28 billion
Following the release of quarterly results, Oracle trades at $83.
During today's session, Oracle toiled and struggled for upward momentum before closing at $83. By the close, the the US tech hardware giant suffered a $1.56 or 1.87% loss. Daily trading volume (9.89 million shares) was higher than the current multiday average of 7 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 5.62%.
During today's session, Toro Company toiled and struggled for upward momentum before closing at $106.89. By the close, the the industrial company suffered a $3.6 or 3.26% loss. Today's trading volume was 425,160 shares which is below the 21-day average of 940,453.
DocuSign: rises above expectations
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 13.87%.
DocuSign ascends 1.91% to close at $56.55 today. Trading volume totalled 5 million which equates to around 93% of the stock's 21-day average today.