uploads///compass uCMKxHY

Oracle’s Stronger Earnings Boost Its Stock Price


Dec. 18 2018, Updated 8:04 a.m. ET

Oracle’s EPS grew 

On December 17, Oracle (ORCL) announced its earnings for the second quarter of fiscal 2019. The company’s revenue growth of 2% in constant currency terms was at the high end of its expectations. Oracle expected revenue growth of 0%–2% on a year-over-year basis. The company’s EPS growth was also better than expected. Oracle’s EPS grew 19% in constant currency terms—better than its own guidance of 11%–15% growth. The results buoyed investors. Oracle stock rose 6% in after-market hours on December 17.

Article continues below advertisement

Oracle also provided a good outlook for the current quarter. The company expects its revenues to increase 2%–4% in the current quarter in constant currency terms. However, Oracle expects headwinds of 4% on its revenue growth due to the strengthening US dollar. Oracle expects its EPS for the third quarter of fiscal 2019 to increase 7%–9% in constant currency terms. Oracle expects that the rising dollar will shave off 4% growth from its EPS in the current quarter.


More From Market Realist

  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • Bitski art and logo
    Company & Industry Overviews
    NFT Platform Provider Bitski Isn’t Publicly Traded
  • who are palantir customers
    Company & Industry Overviews
    Palantir Customers Are Large Defense and Commercial Institutions
  • Grain trucks waiting to be loaded and Archer Daniels logo
    Company & Industry Overviews
    Archer Daniels Stock Is a Buy Amid Price Dip and Big Announcement
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.