With U.S. stock futures trading lower on Tuesday morning, some of the stocks that may grab investor focus today are as follows:
Street consensus is expecting $1.65 in EPS in $14.56 billion in revenue for expected yoy growth of -1% and +5% respectively. Operating income is expected to come in at $6.65 billion for expected yoy growth of 8%. Oracle is not an expensive stock on a valuation basis, but as an enterprise software vendor trying to find a strategy for AI, the growth is better in Microsoft as you'd expect since Azure and the Intelligent Cloud were both better suited for the cloud than Oracle's offering.
Oracle Corporation will release earnings results for its fourth quarter, after the closing bell on Tuesday.
Last month, we were greeted with a +3.4% Inflation Rate and +3.6% on core CPI year over year.
Oracle is capitalizing on the growing popularity of artificial intelligence.
Oracle (ORCL) is set to report earnings for the fourth quarter of fiscal 2024 after the bell on Tuesday, with investors watching for cloud infrastructure growth and strategy updates about sovereign artificial intelligence (AI).
Oracle's (ORCL) fourth-quarter results are likely to reflect its progress in driving cloud adoption, leveraging strategic partnerships and delivering innovative AI solutions amid stiff competition.
Oracle stock surged on March 12 the last time the software giant reported earnings. Oracle bulls are hoping for a similar reaction Tuesday.
Oracle Corp (NYSE:ORCL, ETR:ORC) is expected to report higher sales but a modest decline in profits for the fiscal fourth quarter when it hands down its latest quarterly results after the stock market closes on Tuesday, June 11. The cloud services provider is expected to report a 5.2% increase in sales to $14.56 billion from $13.84 billion in the year-ago quarter.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Oracle (ORCL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended May 2024.
Oracle (NYSE: ORCL) stock has gained 14% YTD as compared to the 11% rise in the S&P 500 index. Notable, its peer Salesforce (NYSE: CRM) stock was up 10% over the same period.
Oracle's (ORCL) portfolio of offerings and increased adoption in the healthcare sector are expected to aid top-line growth in the near term.