Oracle Stock Rockets On $455 Billion Revenue Pipeline: Here's What Wall Street Is Buzzing About
Oracle Corp. ORCL rocketed higher on Wednesday after the company released its first-quarter earnings report Tuesday afternoon. ORCL stock is racing higher. See the real-time price action here. Oracle reported quarterly earnings of $1.47 per share and revenue of $14.92 billion, with both figures slightly under Street estimates. However, commentary on future revenue from chairman Larry Ellison and CEO Safra Catz sent the stock surging.Here's Why Shares Soared: What fueled the stock surge was Oracle's aggressi ...