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Oracle Earnings Miss, Revenue Inline In Q3 -Breaking

by Mike Robinson

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© Reuters. Oracle earnings miss, revenue inline for Q3

Investing.com – Oracle (NYSE: ) announced Thursday that the third quarter was disappointingly short of analysts’ expectations and that revenue exceeded those forecasts.

Oracle reported earnings per share at $1.13 for revenue of $10.51B. Investing.com polled analysts and predicted an EPS of $1.18 for revenue of $10.51B.

Oracle shares have fallen 11% since the start of the year. However, they are still below 27.82% of their 52-week high of $106.34 on December 10, 2021. They are broadly in line with the S&P 500 which is down 10.66% from the start of the year.

Following the release, Oracle shares suffered a loss of 6.06% during after-hours trades.

This month, Oracle and other important Information Technology sectors report earnings

The report by Oracle follows NVIDIA’s earnings beat on February 16th, reporting EPS at $1.32 per share on revenues of $7.64B. Forecasts for EPS at $1.23 were for revenue of $7.42B.

Broadcom beat all expectations with its first quarter earnings per share of $8.39 on $7.71B in revenue, as compared to the $8.13 forecasted for revenue of $7.61B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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