Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 21, 2012 14:16:33

Oracle sales disappoint Wall Street



ColosseumOracle (ORCL) today announced financial results for the first quarter of the fiscal year, which unpleasantly surprised analysts. Hardware sales fell for the sixth year in a row. Quarterly sales declined by 2.3 percent to $ 8.18 billion. Profit after deduction of exceptional items amounted to 53 cents per share. Analysts polled by Bloomberg had expected revenue of $ 8.42 billion and a profit of 53 cents. Sales should this quarter estimated the company stagnate or grow more than 4%. Profit should be in the range of 59 to 63 cents per share. Analysts expect revenue growth of 5% and a profit of 61 cents. Shares yesterday closed at 32.26 dollars. and # 160;

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