“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.”
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