Oracle Corp reports results for the quarter ended May 31 - Earnings Summary

• Oracle Corp ORCL.N reported quarterly adjusted earnings of $1.70​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $1.63. The mean expectation of thirty analysts for the quarter was for earnings of $1.64 per share. Wall Street expected results to range from $1.62 to $1.69 per share.

• Revenue rose 11.3% to $15.90 billion from a year ago; analysts expected $15.59 billion.

• Oracle Corp's reported EPS for the quarter was $1.19​.

• The company reported quarterly net income of $3.43 billion.

• Oracle Corp shares had risen by 26.9% this quarter and gained 6.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "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 $186.00

This summary was machine generated from LSEG data June 11 at 10:00 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)