Oracle Corporation (ORCL) Stock Down Almost 7%

Oracle Corp. (ORCL) is due to post quarterly results. For the fourth quarter, earnings and revenue are expected to be $0.71 per share and $10.75 billion respectively. A year ago, the software maker earned $0.60 per share on revenues of $9.63 billion. The company’s shares closed regular trade on Tuesday at $32.20. (The stock rose almost 6% in Q1; MA(50)- $33.65; MA(100)- $33.14; 52-wk H/L $36.50/$21.24)

Decliners:

Oracle Corp. (ORCL), which is slated to report its fourth quarter results after the bell today, is sliding 0.31% to $32.10 in pre-market trading. Analysts’ estimate company’s fourth quarter earnings per share and revenue to be $0.71 and $10.75 billion respectively.

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