Software giant Oracle Corporation (NYSE: ORCL) reported strong growth in the first-quarter profit and revenues. Earnings topped Wall Street’s prediction, while the top-line slightly missed.
At $9.7 billion, revenues were up 4% year-over-year in the first three months of fiscal 2022. But the top-line came in below the market’s projection.
Adjusted earnings moved up to $1.03 per share from $0.93 per share in the first quarter of 2021 and topped the Street view. Net income, including one-off items, was $2.5 billion or $0.86 per share, compared to $2.3 billion or $0.72 per share last year.
Oracle’s shares closed Monday’s regular trading lower and continued to decline during the extended session.
Stocks you may like:
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales