Oracle Corp. shares fell in the extended session Thursday after the software company’s revenue came in a hair below the Wall Street consensus.
Oracle ORCL, -1.83% shares fell more than 5% after hours following a 1.8% decline in the regular session to close at $86.87.
For the fiscal third quarter, Oracle reported net income of $1.9 billion, or 68 cents a share, compared with $2.32 billion, or 84 cents a share, a year ago.
Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.22 a share, compared with $1.13 a share in the year-ago period.
Revenue rose to $12.4 billion from $10.51 billion in the year-ago quarter.
Analysts had estimated earnings of $1.20 a share and revenue of $12.43 billion for the third quarter.
Oracle shares are up 14% over the past 12 months, versus a 14% decline by the iShares Expanded Tech-Software Sector ETF IGV, -2.26%, while the S&P 500 index SPX, -1.85% has dropped 8% and the tech-heavy Nasdaq Composite Index COMP, -2.05% has fallen 14%.
This article was originally published by Marketwatch.com. Read the original article here.
