Oracle Q1 EPS $1.19 Beats $1.15 Estimate, Sales $12.45B Miss $12.46B Estimate
Portfolio Pulse from Bill Haddad
Oracle reported Q1 earnings of $1.19 per share, beating the analyst consensus estimate of $1.15 by 3.48%. This is a 15.53% increase from last year. However, the company's quarterly sales of $12.45 billion missed the analyst consensus estimate of $12.46 billion by 0.06%, though it's an 8.81% increase from last year.
September 11, 2023 | 8:05 pm
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NEUTRAL IMPACT
Oracle's Q1 earnings beat estimates but sales slightly missed. Earnings and sales both increased YoY.
Oracle's earnings beat estimates which is positive for the stock. However, the slight miss on sales could offset this positive impact. Both earnings and sales increased YoY, indicating overall growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100