After the bell, shares tumbled 5.8% to $40.06.
Over the three months to May, the company earned 92 cents a share, missing estimates by 3 cents according to analysts surveyed by Thomson Reuters. Revenue of $11.32 billion was 3.4% higher year over year but missed forecasts of $11.48 billion.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. ------------------------
Separately, TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: ORCL Ratings Report
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