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.
Biogen (NASDAQ: BIIB) reported third-quarter 2021 financial results before the regular market hours on Wednesday. The company reported Q3 revenue of $2.78 billion, down 18% year-over-year and higher than the
Verizon (NYSE: VZ) reported Third-quarter 2021 financial results before the regular trading hours on Wednesday. The telecommunications giant reported Q3 revenue of $32.9 billion, up 4.3% year-over-year and above the
Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to