Investing.com - Oracle (NYSE:ORCL) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.03 on revenue of $11.45B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $11.33B.
Oracle shares are down 11% from the beginning of the year and are trading at $75.52 , down-from-52-week-high.
Oracle shares lost 2.07% in after-hours trade following the report.
Oracle follows other major Information Technology sector earnings this month
Oracle's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar