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Oracle stock falls following forecast as revenue disappoints

Por: MarketWatch Business March 10, 2023

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On the call with analysts, Oracle Chief Executive Safra Catz forecast fourth-quarter earnings of $1.56 to $1.60 a share on revenue growth of 15% to 17%, or $13.62 billion to $13.85 billion. Analysts surveyed by FactSet had estimated $1.47 a share on revenue of $13.75 billion. That followed fiscal third-quarter results in which Oracle reported net income of $1.9 billion, or 68 cents a share, compared with $2.32 billion, or 84 cents a share, a... + full article



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