Oracle Meets Earnings Forecast, but Revenue Is Light

By CNBC | CNBC – Fri, Sep 21, 2012 4:22 AM SGT

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SymbolPriceChange
ORCL34.87-0.16

Oracle reported quarterly earnings that were in line with analysts' expectations, but its revenue fell short of forecasts on Thursday.

After the earnings announcement, the software maker's shares fell in extended-hours trading. (Click here to get the latest quotes for Oracle.)

The company (ORCL) posted fiscal first-quarter earnings excluding items of 53 cents per share, up from 48 cents a share in the year-earlier period.

Revenue decreased 2 percent to $8.21 billion from $8.4 billion a year ago.

Analysts had expected the company to report earnings excluding items of 53 cents a share on $8.42 billion in revenue, according to a consensus estimate from Thomson Reuters.



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