Investing.com - Oracle (NYSE:ORCL) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Oracle announced earnings per share of $1.13 on revenue of $10.51B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $10.51B.
Oracle shares are down 11% from the beginning of the year and are trading at $72.25 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 10.66% from the start of the year.
Oracle shares lost 5.88% in after-hours trade the report.
Oracle follows other major Information Technology sector earnings this month
Oracle's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on March 3 with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
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