Oracle Corp. shares fell in the extended session Monday after the software company reported in-line revenue for the quarter, and earnings were slightly higher than expected.
Oracle ORCL, +0.31% shares fell as much as 5% after hours, following a 0.3% rise in the regular session up to close at $126.71. Oracle reported fiscal first-quarter net income of $2.42 billion, or 86 cents a share, compared with $1.55 billion, or 56 cents a share, a year ago. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.19 a share, compared with $1.03 a share in the year-ago period.Analysts surveyed by FactSet had forecast earnings of $1.15 a share on revenue of $12.45 billion.
Source: News Formal (newsformal.com)
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