and $15 billion stock buy back. Founder and Executive Chairman Larry Ellison said in a statement that he and Safra Catz, who also has the title of chief executive officer, will cover Hurd's responsibilities during his absence. The tech giant, meanwhile, posted less-than-stellar first quarter earnings results a day earlier than expected. Oracle reported adjusted earnings per share of $0.81, matching Wall Street's consensus estimate, according to Refinitiv.
Oracle reported revenue $9.22 billion, which missed the $9.29 billion forecast by analysts polled by Refinitiv.shares tanked more than 9% after the company posted weak earnings guidance and a large fourth quarter revenue miss. The cannabis producer reported revenue of CA$98.9 million compared to a Refinitiv consensus estimate of CA$108.3 million. The company did not report its earnings per share, and its GAAP EPS of $0 is unlikely to be comparable to estimates.
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Oracle co-CEO Hurd Taking Medical Leave From CompanyOracle says one of its chief executives, Mark Hurd, will take a medical leave from the company. Best of wishes.. Best of luck Mark Co-CEO of Oracle Mark Hurd will be taking a leave of absence due to health reasons. equilarinc notes that Hurd earned $108,295,023 in 2018, a 165% from the previous year. $ORCL execcomp CorpGov Source:
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