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Technology Stocks : Semi Equipment Analysis

SOXX 285.23

-3.7%

Dec 17 4:00 PM EST

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From: Sam

12/17/2018 4:22:26 PM

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Oracle's stock rises as results top Street view
MARKETWATCH 4:13 PM ET 12/17/2018

Symbol Last Price Change

ORCL	45.73	-0.87 (-1.87%)
QUOTES AS OF 04:02:15 PM ET 12/17/2018

Oracle Corp. (ORCL) shares rose in the extended session Monday after the enterprise software company's quarterly results topped Wall Street estimates. Oracle shares rose 3.2% after hours, following a 1.9% decline to close the regular session at $45.73. The company reported fiscal second-quarter net income of $2.33 billion, or 61 cents a share, compared with $2.21 billion, or 52 cents a share, in the year-ago period. Adjusted earnings were 80 cents a share. Revenue declined to $9.56 billion from $9.59 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 78 cents a share on revenue of $9.52 billion. Cloud services and license support revenue rose to $6.64 billion from $ 6.46 billion in the year-ago period, while analysts were looking for $6.63 billion.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

[Wow, do stocks actually still go UP after reporting earnings that beat expectations? What a concept!]

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