Oracle Earnings, Revenue Beat in Q4
Investing.com — Oracle (NYSE:ORCL) reported on Monday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.54 on revenue of $11.84B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $11.62B.
Oracle shares are down 26% from the beginning of the year, still down 39.75% from its 52 week high of $106.34 set on December 10, 2021. They are under-performing the S&P 500 which is down 21.26% from the start of the year.
Oracle shares gained 7.91% in after-hours trade following the report.
Oracle follows other major Information Technology sector earnings this month
Oracle’s report follows an earnings beat by NVIDIA on May 25, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on May 26 with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar