Monday, December 18, 2006 4:59:10 PM
Oracle profit rises 21%; sales up 26%, in line w/ estimates...
By John Shinal
Last Update: 4:16 PM ET Dec 18, 2006
http://tinyurl.com/y9byew
SAN FRANCISCO (MarketWatch) -- Oracle Corp. (ORCL) reported Monday fiscal second-quarter profit rose 21%, as sales surged 26%, boosted by stronger demand for its business application software.
Redwood Shores, Calif.-based Oracle said net income for the period ended Nov. 30 rose to $967 million, or 18 cents a share, from $798 million, or 15 cents, a year earlier.
Sales rose to $4.16 billion, slightly topping the average estimate of analysts surveyed by Thomson First Call.
Excluding certain one-time items, Oracle said it earned 22 cents a share, matching Wall Street's expectations.
And it's trading DOWN in the after-hours session...Is this another case of "sell the news"?...
By John Shinal
Last Update: 4:16 PM ET Dec 18, 2006
http://tinyurl.com/y9byew
SAN FRANCISCO (MarketWatch) -- Oracle Corp. (ORCL) reported Monday fiscal second-quarter profit rose 21%, as sales surged 26%, boosted by stronger demand for its business application software.
Redwood Shores, Calif.-based Oracle said net income for the period ended Nov. 30 rose to $967 million, or 18 cents a share, from $798 million, or 15 cents, a year earlier.
Sales rose to $4.16 billion, slightly topping the average estimate of analysts surveyed by Thomson First Call.
Excluding certain one-time items, Oracle said it earned 22 cents a share, matching Wall Street's expectations.
And it's trading DOWN in the after-hours session...Is this another case of "sell the news"?...
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