Oracle Corp reports results for the quarter ended February 28 - Earnings Summary

• Oracle Corp ORCL.N reported quarterly adjusted earnings of $1.47​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of twenty eight analysts for the quarter was for earnings of $1.49 per share. Wall Street expected results to range from $1.40 to $1.56 per share.

• Revenue rose 6.4% to $14.13 billion from a year ago; analysts expected $14.39 billion.

• Oracle Corp's reported EPS for the quarter was $1.02​.

• The company reported quarterly net income of $2.94 billion.

• Oracle Corp shares had fallen by 6.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Oracle Corp is $200.00

This summary was machine generated from LSEG data March 10 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)