Shares of Oracle jumped 13% in today’s trading session after the software giant reported better-than-expected results for its third fiscal quarter (via MarketWatch):
Oracle reported net income for its fiscal third-quarter ended in February fell slightly to $1.33 billion, or 26 cents a share, from $1.34 billion, or 26 cents a share, in the same period a year earlier.
Revenue rose 2% to $5.45 billion.
Excluding special items, however, the Redwood Shores, Calif.-based company said earnings for the quarter would have been 35 cents a share.
Analysts on average estimated Oracle would post earnings excluding special items of 32 cents a share, on $5.4 billion in revenue, according to Thomson Reuters.
Oracle managed to exceed expectations despite a strong US dollar, which undercut the company’s results in the third quater by 5 cents, according to Oracle President Safra Catz.

As noted before, well-capitalized companies with a lot of cash on their balance sheets are primed to weather the economic storm and positioned to succeed in the future. Oracle, which implemented its first-ever quarterly dividend of 5 cents a share, just so happend to be on that list.





Oracle Shares Jump · Trading-Stocks.ExplainedHere.Net
March 19, 2009 at 2:49 pm[...] Original post by Contrarian Musings [...]
Oracle Shares Jump · Stocks-Trading.ExplainedOnline.Net
March 19, 2009 at 2:54 pm[...] Original post by Contrarian Musings [...]