Oracle up after annual profit forecast lift
ORCL•Oracle shares rise after forecast lift
- Shares of cloud firm Oracle ORCL.N were up about 7% at $163.30 after the bell.
- The company lifted its annual profit forecast after beating first-quarter revenue estimates on strong demand for cloud computing services.
- Oracle now expects fiscal 2027 adjusted earnings per share of $8.10, compared with its prior forecast of $8.05 per share.
- It posted first-quarter revenue of $19.3 billion, versus analysts' average estimate of $19.14 billion, according to LSEG data.
- The stock is down 21.5% year to date.
