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Oracle Earnings Meet The Street, As Profits Rise, Sales Drop

All Things Digital - Sep 20, 2012

Oracle just reported its earnings results for the quarter ended in August, and the headline is that sales are down, though net profits on a GAAP basis are up.

On a non-GAAP basis, which is the number everyone looks at first, Oracle earned 53 cents a share, up 11 percent, on sales of $8.2 billion, which were down 2 percent.

The results met the consensus view of analysts you had expected Oracle to earn 53 cents a share on $8.4 billion in sales. Oracle shares fell 49 cents or about 1.5 percent during the regular trading session on the NASDAQ exchange to $32.23 a share. The shares fell by 59 cents or nearly 2 percent after hours after the earnings results were released.

Read Full Article from All Things Digital

- Posted: 2012-09-20 16:31:02


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