EARNINGS ALERT: ORCL, MDB

04:41pm, Monday, 09'th Dec 2024
The latest earnings reports for Oracle (ORCL) and MongoDB (MDB) present a mixed picture for cloud software stocks. Nicole Petallides, Kevin Green and Oliver Renick take a closer look into Oracle's dou
Given the big run-up in Oracle shares this year, roughly in-line results don't seem to be enough for Wall Street.
Oracle Corp (NYSE:ORCL, ETR:ORC) stock plunged afterhours as the software firm's fiscal second quarter earnings missed Wall Street forecasts. Earnings per share of $1.47 were short of the consensus of
Software and technology giant Oracle Corporation ORCL reported second-quarter financial results after the market close Monday.
Oracle missed on the top and bottom lines for the latest quarter. Oracle shares are up more than 80% this year, on pace for their best annual performance since 1999.

Oracle misses second-quarter revenue estimates

04:10pm, Monday, 09'th Dec 2024
Oracle missed Wall Street expectations for second-quarter revenue on Monday, hit by softer spending on its database and cloud services as enterprise clients slash budgets amid an uncertain economy.
Q2 GAAP Earnings per Share up 24% to $1.10, Non-GAAP Earnings per Share up 10% to $1.47 Q2 Total Revenue $14.1 billion, up 9% in both USD and constant currency Q2 Total Remaining Performance Obligatio
The company is expected to report a profit of $1.48 on sales of $14.1 billion.
Oracle Corp ORCL will be reporting its second-quarter earnings on Monday. Wall Street expects $1.48 in EPS and $14.12 billion in revenues as the company reports after market hours.

Wall Street Waits for Key Inflation Data

11:50am, Monday, 09'th Dec 2024
Wall Street Waits for Key Inflation Data.
Oracle, seen as a potential AI winner, has rallied 80% this year. The post Oracle Stock Lower Ahead Of Big Earnings Test.
Oracle (ORCL) reports earnings after the closing bell, and Cory Johnson believes the company is poised for success. He points to the company's plan with Nvidia's (NVDA) Blackwell chips as a way to sta
Oracle Corp ORCL is finding itself at a pivotal crossroads as it juggles ambitious plans in generative AI (GenAI) and cloud infrastructure with the realities of cautious IT budgets.
Lundin Mining Announces Sale to Boliden of its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden for Up to $1.52 Billion: Lundin To Receive Upfront Cash Consideration of $1.37B Upon
OPENING CALL Stock futures dipped on Monday as investors awaited inflation data later this week. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Wednesday's inflation r
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