Yahoo Finance Oracle Earnings Beat, Revenue Misses In Q2
Investing.com - Oracle (NYSE:ORCL) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.9 on revenue of $9.61B. Analysts polled by Investing.com forecast EPS of $0.89 on revenue of $9.65B. That compared to EPS of $0.8 on revenue of $9.57B in the same period a year earlier. The company had reported EPS of $0.81 on revenue of $9.22B in the previous quarter.
Oracle shares lost 2.59% to trade at $55.00 in after-hours trade following the report.
Oracle follows other major Technology sector earnings this month
On November 13, Cisco reported first quarter EPS of $0.84 on revenue of $13.16B, compared to forecasts of EPS of $0.81 on revenue of $13.08B.
Salesforce.com earnings beat analysts' expectations on December 3, with third quarter EPS of $0.75 on revenue of $4.51B. Investing.com analysts expected EPS of $0.67 on revenue of $4.45B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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