Jefferies, which is one of the Oracle bears with a hold rating and $32 price target on the stock, said its recent channel checks are pointing toward an in-line quarter.

"Our most recent field work suggests F1Q13 biz trends continued to be mixed, as integrated systems picked up steam (Exadata and ODA), software was in-line, and commodity hardware continued to deteriorate," the firm said. "The deal activity we heard of was mostly transactional, which is to be expected for a F1Q. We think there was some modest impact in the Q from typical sales reorganization efforts, although we don't think these were unusual and should be resolved by the end of F2Q13. Our F1Q13 ests are in-line with consensus and assume a result in-line w/ historic seasonality."

Check out TheStreet's quote page for Oracle for year-to-date share performance, analyst ratings, earnings estimates and much more.

Elsewhere on the earnings docket, the morning reports include CarMax ( KMX), ConAgra Foods ( CAG), Jefferies ( JEF), Rite Aid ( RAD), and Scholastic ( SCHS).

In addition, to Oracle, the late roster features Cintas Corp. ( CTAS), DynaVox ( DVOX), and TIBCO Software ( TIBX).

Thursday's economic calendar includes weekly initial and continuing jobless claims at 8:30 a.m. ET; the Philadelphia Fed regional manufacturing activity survey for September at 10 a.m. ET; and leading indicators for August at 10 a.m. ET.

And finally, shares of Bed, Bath & Beyond ( BBBY) were lower in late trades after the Union, N.J. home products retailer missed Wall Street's earnings expectations with its second-quarter results. The company posted earnings of $224.3 million, or 98 cents a share, for the three months ended in August, missing the average estimate of analysts polled by Thomson Reuters for a profit of $1.02 a share.

The stock was last quoted at $65.06, down 5.4%, on volume of more than 900,000, according to

Adobe Systems ( ADBE) was also under pressure late Wednesday after its quarterly report. The publishing and design software developer posted an in-line profit for its fiscal third quarter but revenue of $1.081 billion was below the consensus view of $1.103 billion.

For its fourth quarter ending in November, Adobe forecast non-GAAP earnings of 53 to 58 cents a share, far short of the average analysts' view for a profit of 67 cents a share. The stock traded as low as $30.16 in after-hours action, a decline of roughly 9%, but was bouncing back close to the flat line.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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