Oracle Stock Is Surging Because Earnings Were Really, Really Good
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https://www.barrons.com/articles/oracle-stock-earnings-51639085859
Updated Dec. 10, 2021 6:40 americium ET / Original Dec. 9, 2021 4:38 p.m. ET
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Oracle shares are heading higher successful precocious trading Thursday aft the endeavor bundle elephantine posted better-than-expected fiscal results for its fiscal 2nd 4th ended Nov. 30.
For the quarter, Oracle (ticker: ORCL) reported gross of $10.4 billion, up 6% from a twelvemonth ago, and up of some the company’s guidance scope of 3% to 5% growth, and the Street statement forecast for $10.2 billion. It was the company’s champion 4th of maturation since 2018.
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