Investing.com – Oracle (NYSE:) reported on Monday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Oracle announced earnings per share of $1.03 on revenue of $9.73B. Analysts polled by Investing.com anticipated EPS of $0.9716 on revenue of $9.76B.
Oracle shares are up 37% from the beginning of the year, still down 3.17% from its 52 week high of $91.78 set on August 17. They are outperforming the S&P 500 which is up 18.99% from the start of the year.
Oracle shares lost 2.66% in after-hours trade following the report.
Oracle follows other major Technology sector earnings this month
Oracle’s report follows an earnings beat by NVIDIA on August 18, who reported EPS of $1.04 on revenue of $6.51B, compared to forecasts EPS of $1.02 on revenue of $6.33B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of $1.48 on revenue of $6.34B, compared to forecast for EPS of $0.9246 on revenue of $6.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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