Investing.com - Oracle (NYSE:ORCL) reported first quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.81 on revenue of $9.22B. Analysts polled by Investing.com expected EPS of $0.81 on revenue of $9.28B. That compared to EPS of $0.71 on revenue of $9.2B in the same period a year earlier. The company had reported EPS of $1.16 on revenue of $11.14B in the previous quarter.
For the year, Oracle shares are up 24.67%, outperforming the S&P 500 which is up 21.15% year to date.
Oracle follows other major Technology sector earnings this month
On Wednesday, August 14, 2019, Cisco reported fourth quarter EPS of $0.83 on revenue of $13.43B, compared to forecasts of EPS of $0.81 on revenue of $13.39B.
Salesforce.com earnings beat analyst's expectations on Thursday, August 22, 2019, with second quarter EPS of $0.66 on revenue of $4B. Investing.com analysts expected EPS of $0.48 on revenue of $3.96B
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