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Economy Country 2026-03-10T22:20:36+00:00

Oracle Shares Jump 8% on Strong Quarterly Report

Oracle's shares surged 8% after the company beat analyst expectations for quarterly profit and significantly raised its revenue forecast for 2027.

Oracle Shares Jump 8% on Strong Quarterly Report

Oracle's shares rose by 8% in extended trading on Tuesday after the company reported quarterly results that beat Wall Street expectations and raised its revenue forecast for the fiscal year 2027. The average forecast from the London Stock Exchange Group (LSEG) was $1.70 per share and 20% revenue growth. Oracle expects adjusted earnings per share to range between $1.92 and $1.96 for the fourth quarter of the fiscal year, with revenue growth ranging between 19% and 20%. Management announced it now expects $90 billion in revenue for the fiscal year 2027, while analysts surveyed by LSEG had forecast $86.6 billion in revenue.

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