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Schaeffer's Early Edge: Oracle Corporation Soars Following Earnings Report

Schaeffer's Early Edge: Oracle Corporation Soars Following Earnings Report


Published on 2008-12-19 13:06:34, Last Modified on 2008-12-19 13:06:48 - Market Wire
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CINCINNATI--([ BUSINESS WIRE ])--The shares of Oracle Corporation (NASDAQ: ORCL) have rallied more than 7% this afternoon following the company's earnings report. The tech giant posted a fiscal second-quarter profit of $1.27 billion, or 25 cents per share, compared with its year-ago profit of $1.30 billion, or 25 cents. Sales for the 3-month period edged higher to $5.6 billion. The firm stated that earnings were squeezed by a stronger dollar as well as the souring economy.

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