NewzAUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Thursday reported fiscal first-quarter net income of $4.76 billion. The Austin, Texas-based company said it had net income of $1.56 per share.
Earnings, adjusted for stock option expense and amortization costs, came to $1.92 per share. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The software maker posted revenue of $19.35 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $19.13 billion. For the current quarter ending in November, Oracle expects its per-share earnings to range from $1.83 to $1.91.
The company expects full-year earnings to be $8.10 per share, with revenue expected to be $90 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORCL at https://www.zacks.com/ap/ORCL Source
(ADBE) on Thursday reported fiscal third-quarter net income of $1.83 billion. On a per-share basis, the San Jose, California-based company said it had net income of $4.62. Earnings, adjusted for one-time gains and costs, were $6.13 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $6.08 per share. The software maker posted revenue of $6.76 billion in the period, also topping Street forecasts.
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