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Benzinga
Benzinga
Business
Avi Kapoor

Why Oracle Shares Are Trading Higher By Around 30%; Here Are 20 Stocks Moving Premarket

Oracle Oracle Corporation
Oracle

Shares of Oracle Corporation (NYSE:ORCL) rose sharply in pre-market trading after the company reported first-quarter results.

Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48. Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year. CEO Catz teased significant revenue growth in the quarters ahead.

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