
Oracle Corp (NYSE:ORCL) shares are trading higher Tuesday 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.