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Oracle Earnings, Revenue beat in Q2

Published 2020-12-10, 04:06 p/m
© Reuters. Oracle Earnings, Revenue beat in Q2
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Investing.com - Oracle (NYSE:ORCL) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Oracle announced earnings per share of $1.06 on revenue of $9.80B. Analysts polled by Investing.com anticipated EPS of $0.9971 on revenue of $9.76B.

Oracle shares are up 12% from the beginning of the year and are trading at $58.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 13.56% from the start of the year.

Oracle shares lost 2.47% in after-hours trade after the report.

Oracle follows other major Technology sector earnings this month

Oracle's report follows an earnings beat by NVIDIA on Wednesday, November 18, 2020, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.

Adobe had beat expectations on Thursday with fourth quarter EPS of $2.81 on revenue of $3.42B, compared to forecast for EPS of $2.67 on revenue of $3.36B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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