Oracle Earnings, Revenue beat in Q3
Oracle (NYSE:ORCL) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.87 on revenue of $9.61B. Analysts polled by Investing.com expected EPS of $0.84 on revenue of $9.59B. That compared to EPS of $0.83 on revenue of $9.78B in the same period a year earlier. The company had reported EPS of $0.8 on revenue of $9.57B in the previous quarter.
Oracle shares lost 3.00% to trade at $51.46 in after-hours trade following the report.
Oracle follows other major Technology sector earnings this month
On February 13, Cisco reported second quarter EPS of $0.73 on revenue of $12.45B, compared to forecasts of EPS of $0.72 on revenue of $12.42B.
Adobe earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.71 on revenue of $2.6B. Investing.com analysts expected EPS of $1.62 on revenue of $2.55B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar