Oracle Corporation (ORCL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Oracle Corporation (ORCL) reported quarterly earnings results on Thursday, Jun-16-2016. The company reported $0.81 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.82. The company posted revenue of $10596.00 million in the period, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Oracle Corporation. Northland Capital Initiated Oracle Corporation on Apr 20, 2016 to “Outperform”, Price Target of the shares are set at $50.

Oracle Corporation closed down -0.39 points or -1.00% at $38.44 with 1,44,76,086 shares getting traded on Wednesday. Post opening the session at $38.8, the shares hit an intraday low of $38.41 and an intraday high of $38.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 17, 2016, Hector Garcia-molina (director) sold 3,275 shares at $39.57 per share price. According to the SEC, on Apr 26, 2016, Thomas Kurian (President-Product Development) sold 179,267 shares at $41.25 per share price. On Apr 13, 2016, Jeffrey Berg (director) sold 10,400 shares at $40.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

Oracle Corporation

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