Market Overview

Oracle Tumbles 7% After Hours; Missed Street Views By Wide Margin

Share:
Related ORCL
Bernstein Continues To Be Optimistic On Oracle Ahead Of Q2 Results
Must Watch Stocks for December 5, 2016
Boost In Technology Budgets Benefits Amazon, Microsoft, Salesforce (Investor's Business Daily)

Oracle Corp. (NYSE: ORCL) shares tumbled seven percent post market after the company missed Wall Street's expectations by a wide margin.

Oracle posted flat fourth-quarter earnings of $0.80 a share, versus analysts' average expectation of $0.89.

Revenue grew 10 percent to $11.32 billion, while the consensus looked for $11.48 billion.

The recent period marks the third sequential earnings miss for Oracle, which nonetheless traded near a 52-week high earlier Thursday.

The company didn't provide an outlook in its earnings release but holds a conference call at 5 p.m. eastern time.

Oracle changed hands recently at $39.75, down 6.49 percent.

Posted-In: Earnings News After-Hours Center

 

Related Articles (ORCL)

View Comments and Join the Discussion!