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Technology Stocks : Oracle Corporation (ORCL)

ORCL 248.15

-3.8%

Nov 4 3:59 PM EST

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To: A.L. Reagan who wrote (15616)	3/15/2001 4:50:20 PM
From: hdl	Read Replies (1) of 19079

Oracle hits lower target Software maker's profit matches its reduced expectations March 15, 2001: 4:33 p.m. ET NEW YORK (CNNfn) - Software maker Oracle Corp. reported a fiscal third-quarter profit of 10 cents per share Thursday, matching its recently reduced estimate. At $2.7 billion, Oracle's third-quarter revenue was slightly above the $2.5 billion it reported during the same period a year earlier. The company's results matched the lower profit executives told the Street to expect earlier this month. Prior to the pre-announcement, the Street had been expecting Oracle to report a profit of 12 cents per share for the quarter. Shares of Oracle (ORCL: Research, Estimates) fell $1.38 to $14.69 on Nasdaq ahead of the earnings news, which was released after the closing bell. They fell another 28 cents to $14.41 in after hours trade.

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