Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (18107)	6/12/2003 4:23:32 PM
From: Still Rolling	Read Replies (3) \| Respond to of 19079

Oracle beats earnings expectation (ORCL, PSFT) By Mike Tarsala Oracle (ORCL) beat its fiscal-fourth quarter profit target with net income that rose 31 percent from last year. The software maker, which is bidding $5.1 billion to take over rival PeopleSoft, earned $858 million, or 16 cents a share, vs. $656 million, or 12 cents a share in the same period last year. Analysts had been expecting Oracle to earn 14 cents a share, on average. The year-ago earnings would have been 14 cents a share, excluding a $104 million in write-offs for its investment in Liberate Technologies. Fourth-quarter sales rose 2 percent to $2.83 billion. Oracle shares rose 6 cents to close at $13.33 in Nasdaq trading.