Oracle Q3 2024 Adj EPS $1.41 Beats $1.38 Estimate, Sales $13.300B Miss $13.306B Estimate
Portfolio Pulse from Benzinga Newsdesk
Oracle reported its Q3 2024 earnings with an adjusted EPS of $1.41, surpassing the $1.38 estimate. However, its sales of $13.300 billion slightly missed the $13.306 billion estimate, marking a 7.28% increase from the previous year.
March 11, 2024 | 8:05 pm
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Oracle's Q3 2024 earnings exceeded EPS estimates but slightly missed on sales, showing a 7.28% year-over-year growth.
Beating EPS estimates typically has a positive impact on investor sentiment and stock price, as it indicates better-than-expected profitability. The slight miss on sales is minor and unlikely to overshadow the positive earnings surprise. The year-over-year sales growth further demonstrates Oracle's solid performance and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100