NEW YORK -- Oracle (ORCL), the software giant, reported an in-line profit Thursday for its fiscal first quarter but fell short on revenue by a wide margin.
Oracle generated non-GAAP earnings of $2.6 billion, or 53 cents a share, for the three months ended in August on revenue of $8.18 billion. Analysts were expecting a profit of 53 cents a share on revenue of $8.42 billion.
McDonald's (MCD) raised its quarterly dividend by 10%. The fast-food chain bumped the quarterly payout to 77 cents a share. The forward annual dividend of $3.08 per share implies a yield of 3.3%.
Apple's (AAPL) iPhone 5 went on sale across the globe Friday amid strong demand for the new device. Shares of the tech giant hit a new high of $703.99 earlier this week. Apple announced on Monday it had received 2 million pre-orders in the first 24 hours of the iPhone 5's availability. Apple Maps: An iOS 6 Letdown (Update 2)
Darden Restaurants (DRI) is expected by analysts Friday to post fiscal first-quarter earnings of 84 cents a share for the three months ended in August on revenue of $2.03 billion. Darden is the operator of the Red Lobster and Olive Garden restaurant chains.
Other companies reporting earnings Friday include KB Home (KBH) and Park Electrochemical (PKE). 5 Stocks Under $10 Set to Soar
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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