What's Going On With Oracle Stock Ahead Of Its Q4 Results?
Portfolio Pulse from Lekha Gupta
Oracle Corporation (NYSE:ORCL) shares are trading flat ahead of its Q4 and fiscal year 2024 results, which will be released on June 11. The company will host a conference call and webcast to discuss the results. Oracle's Q3 revenue increased by 7% year-over-year to $13.3 billion, missing the consensus estimate, but its earnings per share beat expectations. Recently, Oracle announced that Charleston Area Medical Center has adopted its Health RevElate Patient Accounting system, and it plans to open two Oracle Cloud Regions in Morocco.
June 10, 2024 | 2:56 pm
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Oracle's Q4 and fiscal year 2024 results will be released on June 11. The company reported a 7% YoY revenue increase in Q3 but missed estimates, while EPS beat expectations. Recent client adoption and expansion plans in Africa could positively impact future revenues.
The upcoming Q4 results and fiscal year 2024 results are significant events that could impact Oracle's stock price. The company's Q3 performance showed mixed results with revenue missing estimates but EPS beating expectations. Additionally, recent client adoption and expansion plans in Africa could positively influence future revenues, suggesting a potential positive short-term impact on the stock price.
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