© Reuters. Oracle Earnings Miss, Revenue Beats In Q1
Investing.com – Oracle (NYSE:) reported on Monday first quarter that missed analysts’ forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.03 on revenue of $11.45B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $11.33B.
Oracle shares are down 11% from the beginning of the year, still down 27.48% from its 52 week high of $106.34 set on December 10, 2021.
Oracle shares lost 2.07% in after-hours trade following the report.
Oracle follows other major Information Technology sector earnings this month
Oracle’s report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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