Oracle Corp. shares were up in after-hours trading Monday, as investors appeared to initially overlook the software giant's disappointing quarterly revenue, much of it from a cloud-services miss, and instead focused on the large number of big cloud-computing contracts in the future.
CNBCs Seema Mody joins 'Closing Bell Overtime' to talk Oracle results.
Oracle's fiscal third-quarter results missed analysts' expectations. The company's cloud infrastructure segment has been booming due to demand for computing power that can support artificial intelligence projects.
Oracle Corp (NYSE:ORCL, ETR:ORC) shares rallied afterhours despite the multinational software firm's quarterly earnings falling short of Wall Street expectations. Shares of Oracle added 3.3% at about $154, after finishing Monday's session down 4.1% amid a broader selloff.
Kevin Green and Caroline Woods react to Monday's market selling before turning their attention to Oracle (ORCL) earnings. The company reported mixed earnings but increased its dividend from $0.40 to $0.50 per share.
Oracle missed Wall Street expectations for third-quarter revenue on Monday, weighed down by softer enterprise spending on its cloud infrastructure services, and strong competition from larger players.
The Investment Committee give you the setup on Oracle and Adobe, both reporting earnings this week.
Oracle Corp ORCL will be reporting its third-quarter earnings on Monday. Wall Street expects $1.49 in EPS and $14.39 billion in revenues as the company reports after market hours.
Oracle reports on Monday, March 10th, 2025, with Street consensus expecting $1.49 in EPS on $14.39 billion in revenue, for expected y-o-y growth of 6% and 8% respectively. Operating income is expected at $6.27 billion and is projected to grow 8% y-o-y. The stock had an incredible run in calendar '24, despite what was just an average 6% revenue growth rate and 8% EPS growth rate the last 3 quarters.
Oracle Corporation ORCL will release its third-quarter financial results, after the closing bell, on Monday, March 10.
Danielle Shay believes Oracle (ORCL) will deliver on earnings. The problem lies with the market's reaction due to recent big swings following similar companies' reports.
Oracle (ORCL) is set to report fiscal third-quarter results after the market closes Monday, with analysts watching for revenue growth and possible commentary on the company's Stargate joint venture.