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.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although