Oracle (ORCL) Raises Quarterly Dividend 25% to $0.40; 1.8% Yield
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March 10, 2023 10:22 AM EST
Citi analyst Tyler Radke raised the price target on Oracle (NYSE: ORCL) to $86.00 (from $80.00) while maintaining a Neutral rating.
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March 9, 2023 4:32 PM EST
(Updated - March 10, 2023 5:35 AM EST)
Oracle (NYSE: ORCL) shares are down more than 4% in pre-market Friday following the companys reported Q3 results, with EPS beat but slightly lower-than-expected revenues. EPS came in at $1.22, compared to the consensus estimate of $1.21. Revenue grew 18% year-over-year (up 21% in constant currency) to $12.4 billion, compared to the consensus estimate of $12.43B.
Cloud services and license support revenues grew 17% to $8.9B, while Cloud... More
March 9, 2023 4:19 PM EST
(Reuters) -Oracle Corp narrowly missed quarterly revenue estimates on Thursday, but the company remained bullish on demand for its cloud software following the recent acquisition of electronic medical records firm Cerner.
Oracle has been beefing up its offerings with a focus on subscriptions to win large customers and better compete in the booming... More
March 9, 2023 4:05 PM EST
Oracle (NYSE: ORCL) reported Q3 EPS of $1.22, $0.01 better than the analyst estimate of $1.21. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $12.43 billion.
For earnings history and earnings-related data on Oracle (ORCL) click here.
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