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Posted On: 06/19/2018 4:20:58 PM
Post# of 32993
Just came across this.....
Oracle Corp. ORCL, +2.29% beat earnings expectations with a Tuesday afternoon report, sending shares that had been weighed down by a slowing cloud transition higher in after-hours trading. Oracle reported fiscal fourth-quarter net income of $3.41 billion, or 82 cents a share, on sales of $11.25 billion. After adjustments for stock-based compensation and other effects, the company claimed profit of 99 cents a share. Analysts on average expected adjusted earnings of 94 cents a share on sales of $11.18 billion, according to FactSet. Oracle did not provide a forecast for its new fiscal year in Tuesday's release, but could present those figures in a conference call scheduled for 5 p.m. Eastern time. Oracle stock gained more than 4% in late trading after numbers were released, after falling 10.9% in the past three months as the S&P 500 index SPX, -0.40% increased 2.2%.
Oracle Corp. ORCL, +2.29% beat earnings expectations with a Tuesday afternoon report, sending shares that had been weighed down by a slowing cloud transition higher in after-hours trading. Oracle reported fiscal fourth-quarter net income of $3.41 billion, or 82 cents a share, on sales of $11.25 billion. After adjustments for stock-based compensation and other effects, the company claimed profit of 99 cents a share. Analysts on average expected adjusted earnings of 94 cents a share on sales of $11.18 billion, according to FactSet. Oracle did not provide a forecast for its new fiscal year in Tuesday's release, but could present those figures in a conference call scheduled for 5 p.m. Eastern time. Oracle stock gained more than 4% in late trading after numbers were released, after falling 10.9% in the past three months as the S&P 500 index SPX, -0.40% increased 2.2%.
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