STORY REMOVED: Oracle: Fiscal Q2 Earnings Snapshot
Jul 21, 2022, 1:09 PM | Updated: 1:27 pm
AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Thursday reported a loss of $1.25 billion in its fiscal second quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 46 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.21 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The software maker posted revenue of $10.36 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $10.21 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORCL at https://www.zacks.com/ap/ORCL
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