The headline numbers for Oracle (ORCL) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Oracle (ORCL) came out with quarterly earnings of $1.47 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.34 per share a year ago.
Software and cloud company Oracle (ORCL) released fiscal second quarter earnings after Monday's market close, falling just shy of both expectations on the top and bottom lines. Oracle reported revenue of $14.06 billion — below estimates of $14.12 billion — while adjusted earnings came out to $1.47 per share — also short of consensus estimates of $1.48.
Oracle (ORCL) reported fiscal second-quarter revenue that missed analysts' expectations, sending shares lower in extended trading Monday.
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Given the big run-up in Oracle shares this year, roughly in-line results don't seem to be enough for Wall Street.
Oracle Corp (NYSE:ORCL, ETR:ORC) stock plunged afterhours as the software firm's fiscal second quarter earnings missed Wall Street forecasts. Earnings per share of $1.47 were short of the consensus of $1.48.
Software and technology giant Oracle Corporation ORCL reported second-quarter financial results after the market close Monday.
Oracle missed on the top and bottom lines for the latest quarter. Oracle shares are up more than 80% this year, on pace for their best annual performance since 1999.
Oracle missed Wall Street expectations for second-quarter revenue on Monday, hit by softer spending on its database and cloud services as enterprise clients slash budgets amid an uncertain economy.
The company is expected to report a profit of $1.48 on sales of $14.1 billion.