Stocks to Watch: Oracle, Jabil, Nike

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.

Oracle Stumbles, but Management Already Sees a Rebound


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.

See-Through Yoga Pants, Then the Noise: Buy LULU Stock


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More from Stocks

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Semiconductor Stocks Get Smashed Again as Earnings Weakness Continues
Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Jim Cramer on Trade Tariffs, Rising Rates, Kimberly Clark and Hasbro

Video: Jim Cramer on Trade Tariffs, Rising Rates, Kimberly Clark and Hasbro