Investing.com - Oracle (NYSE:ORCL) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Oracle announced earnings per share of $1.2 on revenue of $10.44B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $10.68B.
Oracle shares are up 3% from the beginning of the year and are trading at $52.39 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.26% year to date.
Oracle shares lost 4.19% in after-hours trade following the report.
Oracle follows other major Technology sector earnings this month
Oracle's report follows an earnings beat by NVIDIA on Thursday, May 21, 2020, who reported EPS of $1.8 on revenue of $3.08B, compared to forecasts EPS of $1.65 on revenue of $2.97B.
Adobe had beat expectations on Thursday with second quarter EPS of $2.45 on revenue of $3.13B, compared to forecast for EPS of $2.32 on revenue of $3.16B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar