Discover the 3 stocks that published earnings during Friday's market slide

Published: March 19 2023, 13:10 GMT+0

Discover the 3 stocks that published earnings during Friday's market slide

DarioHealth Corp., Oracle, The Toro Company and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.

Leading equity indices in the US declined as Dow Jones shed 1.19% and closed at 31,862. S&P 500 lost 1.1% and ended 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. 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 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 Oracle was in the midst of a 6 day downtrend— in which it lost a total of 5%— a possible change of direction spotted from Friday; Oracle moves up 0.52% to close at $85.26 Friday. Investors eyeing potential reversal for Oracle after the company outperformed its daily average volume by 106%.

Over the last 3 days, Toro Company has fallen 8.53%. Friday's session continued the recent downtrend: 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 reached a significant high of $116.19 around 2 months ago but has lost 7.18% since then. So far this year, it has been doing worse than the Nasdaq by 10.69%. The company has a market cap of $11 billion with an average daily trading volume of 940,453 shares.