Investing.com - Oracle reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.9 on revenue of $9.61B. Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $9.65B. That compared to EPS of $0.8 on revenue of $9.57B in the same period a year earlier. The company had reported EPS of $0.81 on revenue of $9.22B in the previous quarter.
Oracle shares lost 2.59% to trade at $55.00 in after-hours trade following the report.
For the year, Oracle shares are up 25.05%, under-performing the S&P 500 which is up 27.91% year to date.
Oracle follows other major Technology sector earnings this month
On Wednesday, November 13, 2019, Cisco reported first quarter EPS of $0.84 on revenue of $13.16B, compared to forecasts of EPS of $0.81 on revenue of $13.08B.
Salesforce.com earnings beat analyst's expectations on Tuesday, December 3, 2019, with third quarter EPS of $0.75 on revenue of $4.51B. Investing.com analysts expected EPS of $0.67 on revenue of $4.45B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar