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


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Published in Science and Technology on Friday, December 19th 2008 at 13:06 GMT, Last Modified on 2008-12-19 13:06:48 by Market Wire   Print publication without navigation


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.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/oracle+corporation+soars+following+earnings+report/observations.aspx?click=home&ID=89977 ]


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