Investing.com - Oracle (NYSE:ORCL) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of $0.97 on revenue of $9.80B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $9.76B. That with comparison to EPS of $0.87 on revenue of $9.61B in the same period a year before.Oracle had reported EPS of $0.9 on revenue of $9.62B in the previous quarter.Analysts are expecting EPS of $1.23 and revenue of $11.35B in the upcoming quarter.
Oracle shares are down 24% from the beginning of the year and are trading at $39.78 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 23.89% year to date.
Oracle follows other major Technology sector earnings this month
Oracle's report follows an earnings beat by Cisco on Wednesday, February 12, 2020, who reported EPS of $0.77 on revenue of $12.01B, compared to forecasts EPS of $0.76 on revenue of $11.97B.
NVIDIA had beat expectations on Thursday, February 13, 2020 with fourth quarter EPS of $1.89 on revenue of $3.11B, compared to forecast for EPS of $1.67 on revenue of $2.96B.
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