Oracle Q2 Adj $1.34 Beats $1.32 Estimate, Sales $12.94B Miss $13.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Oracle Corporation (NYSE:ORCL) reported Q2 adjusted earnings of $1.34 per share, surpassing the analyst consensus estimate of $1.32, marking a 10.74% increase from last year's earnings. However, Oracle's quarterly sales of $12.94B fell short of the expected $13.05B, though they still represent a 5.43% increase from the previous year.
December 11, 2023 | 9:05 pm
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Oracle's Q2 earnings exceeded expectations at $1.34 per share, a 10.74% YOY increase, but revenue slightly missed estimates at $12.94B, a 5.43% YOY growth.
Oracle's stock may experience mixed reactions due to the earnings beat and slight revenue miss. The positive earnings growth could be offset by the revenue shortfall, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100