– The business software giant's shares fell 2.3% in the premarket after its adjusted quarterly profit of $1.13 per share fell 5 cents shy of estimates. Revenue was in line with forecasts. Oracle continues to see progress in shifting its customers to the cloud, with cloud revenue jumping 24% compared with a year ago. – The ride-hailing company's shares rose 1.
6% in premarket action after Deutsche Bank initiated coverage with a"buy" rating and a $50 price target. Deutsche Bank points to Uber's leading position in a fast-growing market as well as an attractive entry point for the stock. – The education publisher's stock spiked 20.1% in premarket trading after private equity firm Apollo said it was in the preliminary stages of evaluating a possible cash offer for Pearson.
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