NEW YORK -- Oracle ( ORCL), the business software maker, posted fiscal third-quarter earnings and revenue below analysts' estimates.

Oracle reported earnings on Wednesday of 65 cents a share on revenue of $8.97 billion. New software licenses and cloud-software subscription revenue were down 2% to $2.3 billion. Analysts were looking for earnings of 66 cents a share on sales of $9.38 billion.

Total software revenue rose 4% to $6.67 billion, and hardware-systems revenue declined 16% to $1.24 billion. Services revenue fell 8% to $1.045 billion.

"Our non-GAAP operating margin increased to a Q3 record of 47%, and we expect it to reach an all-time high for the fiscal year," said Oracle President and Chief Financial Officer Safra Catz in a press release.

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Jabil Circuit ( JBL), the contract electronics manufacturer, said Wednesday that fiscal second-quarter earnings fell 9% to $88.5 million, or 43 cents a share, from year-earlier profit of $97.7 million, or 46 cents a share.

Jabil attributed the earnings decline partly to costs that were higher than expected from its acquisition of Nypro in February.

Adjusted earnings in the quarter were 53 cents a share on revenue of $4.42 billion.

Analysts were looking for profit of 54 cents a share on revenue of $4.39 billion.

Nike ( NKE) is expected by Wall Street to report fiscal third-quarter earnings of 67 cents a share on revenue of $6.23 billion.

Micron Technology ( MU) is expected by analysts Thursday to post a fiscal second-quarter loss of 19 cents a share on revenue of $1.92 billion.

KB Home ( KBH) is forecast to post a first-quarter loss of 22 cents a share on revenue of $360 million.

On Wednesday, rival Lennar ( LEN) said fiscal first-quarter earnings more than tripled as new orders and deliveries continued to rise.

Wall Street expects Ross Stores ( ROST) to report fourth-quarter earnings of $1.07 a share on sales of $2.75 billion.

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-- Written by Joseph Woelfel

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