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Oracle stock is soaring following a major earnings beat (ORCL)





Oracle Safra Catz

Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.

Here’s what Oracle reported:

  • Revenue for the quarter (GAAP): Oracle reported $11.26 billion, up 3% from the year before, which beat analysts’ expectations of $11.19 billion.
  • Earnings per share for the quarter (Adjusted): Oracle reported $0.99, up 11% from the year before, which beat analysts’ expectations of $0.94.
  • Revenue for the year (GAAP): Oracle reported $39.8 billion, up 6% from 2017. Analysts expected $39.8 billion.
  • Earnings per share for the year (Adjusted): Oracle reported $3.12. Analysts expected $3.08.

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Source:: BusinessInsider.Com

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