Here's the Bloomberg story:
Oracle Says 4th-Qtr Profit `At Least' Met Estimate (Update1)
By Ashley Gross
Redwood City, California, June 5 (Bloomberg) -- Oracle Corp. Chief Executive Officer Larry Ellison said the software maker ``at least'' met analysts' average profit estimates for the fourth quarter ended May 31.
``Had we not done at least 12 cents in operating income, we would have had to warn and we didn't warn,'' Ellison said at a press conference at the company's Redwood City, California, headquarters. He declined to be more specific, citing Oracle's ``quiet period.''
Investors had become concerned that Oracle would miss estimates as analysts published skeptical reports saying software spending has yet to recover. In March, Chief Financial Officer Jeff Henley predicted fourth-quarter earnings of 13 cents to 14 cents a share.
It was expected to earn 12 cents, the average estimate of analysts polled by Thomson First Call. Shares of Oracle, which had fallen 43 percent this year, rose 62 cents, or 7.9 percent, to $8.44 in late trading.
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