Software giant Oracle Corporation (NYSE: ORCL) reported a 15% growth in first-quarter earnings, aided by a modest increase in revenues. The market responded positively to the stronger-than-expected results and the company’s stock gained on Thursday evening.
At $9.37 billion, revenues were up 2% year-over-year in the first three months of fiscal 2021. The top-line also surpassed the market’s projection.
Adjusted earnings moved up to $0.93 per share from $0.81 per share in the first quarter of 2020 and topped the Street view. Net income, including one-off items, was $2.25 billion or $0.72 per share, compared to $2.14 billion or $0.63 per share last year.
Oracle’s shares climbed to an all-time high earlier this month, maintaining the uptrend that started after the March-selloff. The stock closed Thursday’s trading lower but gained during the extended session.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock