Oracle's stock fell over 10% in after-hours trading despite reporting better-than-expected revenue of $19.18 billion and EPS of $2.03. The decline follows a 2.18% drop during regular trading, even as BMO Capital raised its price target to $220 and maintained an Outperform rating. Analysts see the dip as a buying opportunity, supported by Oracle's strong guidance projecting $90 billion in revenue for fiscal 2027. The stock drop reflects broader market trends where tech shares sometimes fall despite positive earnings due to concerns like capital expenditures.
US stock futures gained as investors monitored escalating US-Iran tensions and awaited key economic data including May's producer price index and weekly jobless claims. Despite regional instability from military strikes and airspace closures, major i...
Oracle Corporation reported strong growth in its Oracle Cloud Infrastructure (OCI) segment and beat earnings per share expectations. However, the company's investment case is shifting from software to capital-intensive AI infrastructure, leading to i...
Oracle reported record quarterly revenue of $19.2 billion, beating estimates with a 21% year-over-year increase and strong cloud infrastructure growth of 93%. However, the company's flat revenue guidance of $90 billion for fiscal 2027 disappointed in...
Oracle Corporation reported a strong Q4 with revenue up 21% and EPS up 24%, surpassing analyst expectations. The growth was primarily fueled by its cloud infrastructure segment, which saw revenue rise over 90% year-over-year and performance obligatio...
Oracle reported strong Q4 results with revenue up 21% to $19.2 billion and adjusted EPS of $2.11, driven by a 93% surge in Oracle Cloud Infrastructure revenue. Despite beating estimates, shares fell nearly 9% after the company announced plans to rais...
