Oracle Revenue Report Exceeded Expectations, Q4 Total Revenue Did Not Meet Expectation
Investing.com - Oracle said in its revenue report released on Tuesday for the fourth quarter, its revenue exceeded analyst estimates and the estimates were low.
While the company stated that its total revenue was $ 10.44B with revenue of $ 1.20 per share, analysts were expecting the company to generate $ 1.16 per share and a total of $ 10.68B per share in Investing.com surveys.
In the post-closing markets, Oracle shares traded at $ 52.39, down 4.19% after the revenue report.
In the post-closing markets, Oracle shares traded at $ 52.39, down 4.19% after the revenue report.
Over the year, Oracle shares rose 3%. The S&P 500 index where the stock traded decreased by 3%.
Oracle Technology tracks other major revenue reports in the industry
On May 21, NVIDIA stated that its total revenue was $ 3.08B, with revenue of $ 1.80 per share in the first quarter. Expectations were that total income would be $ 2.97B, with revenue of $ 1.65 per share.
On Thursday, Adobe's revenues exceeded analyst estimates and earned a total of $ 3.13B in revenue in the second quarter, with $ 2.45 per share. Investing.com analysts had expected a total income of $ 3.16B with $ 2.32 revenue per share. Follow me on Oracle Community: Networking Community
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