Wednesday, June 21, 2017

Oracle shares jump as much as 9 percent after earnings top estimates

#Oracle shares jumped as much as 9 percent in extended trading on Wednesday after the company beat earnings estimates for the fiscal fourth quarter. EPS: 89 cents vs. 78 cents as expected by analysts, according to Thomson Reuters. This was excluding certain items. Revenue: $10.9 billion vs. $10.5 billion expected by analysts. Revenue for the quarter rose 3 percent. Subscription software reached more than $1 billion for the first time.

http://www.cnbc.com/2017/06/21/oracle-earnings-q4-2017-top-estimates.html

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