Oracle (ORCL) Shares Tick Lower as Ellison's Q4 Sales Outlook Draws Red Flag
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Price: $141.61 -1.53%
Revenue Growth %: +28.1%
Financial Fact:
Restructuring: 99M
Today's EPS Names:
EDXC, BICX, FBPI, More
Revenue Growth %: +28.1%
Financial Fact:
Restructuring: 99M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Oracle (Nasdaq: ORCL) shares are trading lower as CEO Larry Ellison just gave some guidance on the company's conference call. After trading up about 3 percent just after the Q3 results were released, shares of Oracle are now up only about 0.5 percent to $30.30.
Ellison said he is looking for Q4 sales to be down 2 percent to up 2 percent and EPS in the range of 78-83 cents. The Street is currently looking for Q4 sales growth of 3 percent and EPS of 76 cents.
Ellison said he is looking for Q4 sales to be down 2 percent to up 2 percent and EPS in the range of 78-83 cents. The Street is currently looking for Q4 sales growth of 3 percent and EPS of 76 cents.
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