3 stocks released earnings reports recently as markets fell

Published: March 19 2023, 18:10 GMT+0

3 stocks released earnings reports recently as markets fell

DarioHealth Corp., Oracle, The Toro Company are the ones to read about today.

Leading equity indices in the US declined as Dow Jones shed 1.19% and closed at 31,862. S&P 500 was down 1.1% before closing the session at 3,916.64.

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 Corp. moves 0% to close at $4.03 Friday. Daily trading volume (162,631 shares) increased, making up 103% of the 21-day average (157,554).

While in the midst of a 6 day downtrend, losing a total of 5% ($4.92), a possible change of direction spotted from Friday; Oracle rose 44 cents to close at $85.26 Friday which makes for a move of 0.52%. Investors eyeing potential reversal for Oracle after the company outperformed its daily average volume by 106%.

Toro Company's bearish run has lasted 3 days so far (-$8.06). Friday's session continued down the same path: during Friday's session, Toro Company toiled and struggled for upward momentum before closing at $106. By the close, the the industrial company suffered a $1.85 or 1.7% loss.

The industrial equipment maker is now trading 7.18% below the significant high of $116.19 it set around 2 months ago. So far this year, it has been under-performing the Nasdaq by 10.69%. Toro Company has a market cap of $11 billion with an average daily volume of 940,453 shares.

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