Oracle Corp. (ORCL) has reported a rise in first-quarter earnings, surpassing the previous year’s figures and exceeding Wall Street expectations.The company’s earnings amounted to $2.929 billion, translating to $1.03 per share, up from $2.420 billion, or $0.86 per share, in the same quarter last year.Excluding certain items, Oracle’s adjusted earnings for the quarter reached $3.964 billion, or $1.39 per share.Analysts, as surveyed by Thomson Reuters, had anticipated an average earnings estimate of $1.32 per share, typically excluding special items.Revenue for Oracle’s first quarter increased by 6.9%, reaching $13.307 billion, compared to $12.453 billion from the previous year.A summary of Oracle Corp.’s first-quarter financials (GAAP):- Earnings: $2.929 billion vs. $2.420 billion last year.- EPS: $1.03 vs. $0.86 last year.- Revenue: $13.307 billion vs. $12.453 billion last year.The material has been provided by InstaForex Company – www.instaforex.com
- Czech Retail Sales Growth Accelerates in August, Reaching 5.30% - October 8, 2024
- Czech Unemployment Rate Sees Slight Uptick in September - October 8, 2024
- France Sees Rise in Imports: August Figures Show a Notable Increase - October 8, 2024
