How To Earn $500 A Month From Oracle Stock After Q2 Earnings Results
Portfolio Pulse from Avi Kapoor
Oracle Corporation (NYSE:ORCL) reported Q2 adjusted earnings of $1.34 per share, beating estimates by $0.02, but missed revenue expectations with $12.94 billion against the forecasted $13.05 billion. The article discusses how investors can earn monthly income from Oracle's dividends, which currently yield 1.39% at a quarterly rate of 40 cents per share. It calculates the number of shares needed to earn $500 and $100 per month in dividends, considering the current dividend rate and stock price. Oracle's stock price closed up 1.3% at $115.13 on Monday.
December 12, 2023 | 2:40 pm
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Oracle's Q2 earnings beat EPS estimates but missed on revenue, with a dividend yield of 1.39% and a positive stock price movement of 1.3% closing at $115.13.
While Oracle beat EPS estimates, the revenue miss may temper investor enthusiasm. However, the positive stock price movement and the focus on dividend income could attract investors interested in steady returns, potentially stabilizing the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100