Oracle Earnings, Revenue beat in Q4 By Investing.com

Oracle (NYSE:ORCL) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Oracle announced earnings per share of $1.54 on revenue of $11.23B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $11.02B.

Oracle shares are up 26% from the beginning of the year and are trading at $80.44 , down-from-52-week-high.They are outperforming the S&P 500 which is up 13.11% from the start of the year.

Oracle shares lost 1.49% in after-hours trade the report.

Oracle follows other major Technology sector earnings this month

Oracle’s report follows an earnings beat by NVIDIA on May 26, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.

Cisco had beat expectations on May 19 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar