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Oracle stock sinks as revenue outlook falls below Wall Street consensus

Por: MarketWatch Politics September 12, 2023

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On the conference call with analysts, Catz forecast second-quarter earnings of $1.30 to $1.34 a share on revenue growth of 5% to 7%, or $12.89 billion to $13.13 billion. Analysts surveyed by FactSet had estimated earnings of $1.34 a share on revenue of $13.28 billion. Catz added that if “currency exchange rates remain the same as they are now,” currency should have a 2% positive effect on total revenue and a 3 cent-a-share positive effect on... + full article



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