NEW YORK ( TheStreet) -- Both Oracle (ORCL) and BlackBerry maker Research In Motion (RIMM) -- posted their most recent quarterly earnings Thursday after the bell, and both handily beat Street expectations.
Oracle reported an adjusted profit of $2.6 billion, or 51 cents a share, on revenue of $8.65 billion for its fiscal second quarter ended Nov. 30. The performance topped the average estimate of analysts polled by Thomson Reuters for earnings of 46 cents a share on revenue of $8.34 billion.
RIM's profit jumped to $1.74 per share from $1.10 cents per share during the year-ago period. Analysts had expected the company to post earnings of $1.64 per share. Revenue rose 40% over the same quarter last year to $5.5 billion, and ahead of analysts expectations of $5.4 billion.RIM also said that smartphone shipments were 14.2 million, in line with analyst estimates of 14 million. Both companies climbed in after-hours trading following their conference calls; RIM was up 2.28% to $60.59, and Oracle was up nearly 4% to $31.45.
--Blog written by James Rogers, Scott Moritz and Olivia Oran in New York.
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