Oracle expects to report earnings of 90 cents to 96 cents a share for the fiscal fourth quarter. Analysts expect Oracle to report earnings of 87 cents a share and revenue of $10.95 billion for the fiscal fourth quarter.
In the fiscal third quarter, Oracle reported earnings of 68 cents a share, in line with analysts' estimates for the quarter. The company reported revenue of $9.33 billion for the fiscal third quarter, below analysts' estimates of $9.46 billion.
About 9.3 million shares of Oracle were traded by 12:38 p.m. Tuesday, compared to the company's average trading volume of about 12.5 million shares a day.
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 revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow."