Investing.com - Oracle (NYSE:ORCL) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.54 on revenue of $11.84B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $11.62B.
Oracle shares are down 26% from the beginning of the year and are trading at $69.27 , down-from-52-week-high.They are under-performing the S&P 500 which is down 21.26% from the start of the year.
Oracle shares gained 8.12% 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 May 25, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on May 26 with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
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