Oracle’s 3Q Earnings Top Analyst Forecasts

SAN FRANCISCO (AP) — Oracle’s earnings rose 18 percent despite meager revenue growth during its latest quarter.

The business software maker says it made $2.5 billion, or 49 cents per share, during the three months ending in February. That compares with net income of $2.1 billion, or 41 cents per share, at the same time last year.

If not for acquisition expenses and other costs, Oracle says it would have earned 62 cents per share. That figure exceeded the average estimate of 56 cents per share among analysts surveyed by FactSet.

Revenue increased just 3 percent to $9 billion. That total mirrored analyst forecasts.

Oracle Corp. needed to deliver a solid performance in its fiscal third quarter after stumbling in its previous quarter, which ended in November.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

'I Think I'd Fall Asleep': Right-Wing Media Praise Trump Snoozing In Court

Former President Donald Trump

Former President Donald Trump

Donald Trump’s MAGA media propagandists are so deep in the tank for the former president that they’ve been praising him for repeatedly falling asleep during his New York City hush money trial.

Keep reading...Show less
Mitt Romney

Sen. Mitt Romney

Sen. Mitt Romney (R-UT) hasn't shied away from criticizing former President Donald Trump in the past. But on Tuesday he gave his frank and candid take on the allegations surrounding the ex-president's ongoing criminal trial.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}