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Benzinga
Benzinga
Business
Adam Eckert

After-Hours Action: Why Oracle Stock Is Surging

Oracle Corp (NYSE:ORCL) shares are trading higher in Monday's after-hours session after the company announced better-than-expected financial results.

Oracle said fiscal fourth-quarter revenue increased 5% year-over-year to $11.8 billion, which beat the estimate of $11.67 billion, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of $1.54 per share, which beat the estimate of $1.37 per share.

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