Oracle Corporation (ORCL-US) is expected to report adjusted net income of $3.8 billion, or $1.07 a share, on sales of $10.9 billion after the market closes on Wednesday, based on a FactSet survey of 33 analysts.
In the same period a year ago, the company posted earnings of 99 cents a share on sales of $11.3 billion.
The stock has risen 0.4% since the company last reported earnings on Mar. 14, and is up 17% year to date.
Quarterly estimates have fallen less than 1 cent per share in the past month. In the upcoming quarter, analysts are forecasting net income of $2.8 billion, or 80 cents a share, on sales of $9.3 billion.
Oracle is currently trading at a price-to-forward-earnings ratio of 14 based on the 12-month estimates of 36 analysts surveyed by FactSet.
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