Oracle (ORCL) Shares Fall 6% on Q3 EPS Miss
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March 11, 2022 7:03 AM EST
BMO Capital analyst Keith Bachman lowered the price target on Oracle (NYSE: ORCL) to $92.00 (from $115.00) while maintaining a Market Perform rating following results.
The analyst commented, "We identified Oracle as stock of positive interest in our January sector note, driven by reasonable FCF... More
March 10, 2022 4:10 PM EST
By Chavi Mehta
(Reuters) - Oracle Corp forecast fourth-quarter profit above Wall Street estimates as the legacy software firm expects its heavy cloud investments to pay off, as more businesses ramp up their spending to support hybrid work and transition to cloud.
The company's strong forecast, which was disclosed on a call with analysts, pulled up its shares from a nearly 6% slide in extended trading triggered by tepid... More
March 10, 2022 4:05 PM EST
Oracle (NYSE: ORCL) reported Q3 EPS of $1.13, $0.05 worse than the analyst estimate of $1.18. Revenue for the quarter came in at $10.51 billion versus the consensus estimate of $10.51 billion.
For earnings history and earnings-related data on Oracle (ORCL) click here.
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