Investing.com - Oracle (NYSE:ORCL) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.16 on revenue of $10.09B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $10.05B.
Oracle shares are up 11% from the beginning of the year and are trading at $72.06 , down-from-52-week-high.They are outperforming the S&P 500 which is up 3.81% from the start of the year.
Oracle follows other major Technology sector earnings this month
Oracle's report follows an earnings beat by NVIDIA on Wednesday, February 24, 2021, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.
Cisco had beat expectations on Tuesday, February 9, 2021 with second quarter EPS of $0.79 on revenue of $11.96B, compared to forecast for EPS of $0.7567 on revenue of $11.92B.
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