Investing.com - Oracle (NYSE:ORCL) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Oracle announced earnings per share of $1.13 on revenue of $10.51B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $10.51B.
Oracle shares are down 11% from the beginning of the year and are trading at $72.11 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 10.66% from the start of the year.
Oracle shares lost 6.06% 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, February 16, 2022, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on Thursday, March 3, 2022 with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
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