Company News: Oracle (ORCL) quarterly earnings beat analysts’ expectations

Market news

13 December 2019

Company News: Oracle (ORCL) quarterly earnings beat analysts’ expectations

Oracle (ORCL) reported Q2 FY 2020 earnings of $0.90 per share (versus $0.80 in Q2 FY 2019), beating analysts’ consensus estimate of $0.89.

The company’s quarterly revenues amounted to $9.615 bln (-0.4% y/y), generally in line with analysts’ consensus estimate of $9.653 bln.

ORCL fell to $55.18 (-2.28%) in pre-market trading.

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