News Formal

Oracle's near-record high stock wobbles after earnings beat

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Oracle Corp. ORCL, -0.02% shares traded between slight gains and losses in the extended session Thursday after the enterprise software company topped Wall Street estimates.

Oracle shares, which had been up about 1% after hours, were last down 0.4%, following a less than 0.1% decline to close the regular session at $53.05, a penny shy of its all-time closing high. The company reported fiscal third-quarter net income of $2.75 billion, or 76 cents a share, compared with a loss of $4.05 billion, or 98 cents a share, in the year-ago period. Adjusted earnings were 87 cents a share. Revenue declined to $9.61 billion from $9.68 billion in the year-ago quarter.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cloud Technology Enriches How $1.6B Credit Union Does Business With Prospects, Members, And EmployeesPhoenix’s Arizona Federal Credit Union uses Oracle HCM Cloud to attract top job applicants, make banking easier for members, and simplify benefits administration for employees. Oracle Only the worthless bloggers at Forbes could think they'd be real competition. Get some mouse clicks for your bullshit?
Source: Forbes - 🏆 394. / 53 Read more »

Eventbrite stock plummets 20% after earnings miss, revenue beat
Source: MarketWatch - 🏆 3. / 97 Read more »