Joined Nov 11, 2007
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$ORCL UP 6% in A.H. on Early Earnings Release

“Shares of Oracle (ORCL) are up $1.65, or 6.1%, at $28.77 in late trading after the company this afternoon issued a surprise early report for its fiscal Q4 revenue in line with consensus but beat on the bottom line, and said its board approved a $10 billion buyback plan.

The Street had been told to expect the report on Thursday, after the bell.

Revenue in the three months ended in May rose 1%, year over year, to $10.9 billion, yielding EPS of 82 cents, excluding some items.

Analysts had been modeling $10.89 billion and 78 cents.”

Full report

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