Oracle met estimates after the close on Thursday, and even delivered on all-important license revenue.
Twelve-cent earnings and $2.51 billion revenues met estimates, and license revenues of $847 million came in above estimates in what the company called a “solid” quarter. The company also reaffirmed forward guidance.
But after another rough day in the stock market, investors could be forgiven for wondering if Oracle’s solid numbers will make a difference.
Stocks were battered yet again Thursday after al Qaeda was linked to terrorist bombings in Spain.
The Nasdaq fell 20 to 1943, the S&P 500 lost 20 to 1103, and the Dow plunged 168 to 10,128. Volume rose to 1.89 billion shares on the NYSE, and 2.23 billion on the Nasdaq. Decliners led 24-8 on the NYSE, and 22-8 on the Nasdaq. Downside volume was 86% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 73-17 on the NYSE, and 53-26 on the Nasdaq.
Nortel fell 7% on news that the company may restate results.
National Semi rose 2% after beating estimates.
Looksmart surged 8% on its earnings report and a deal with MSN.
Tech Data and Comverse Tech
lost ground despite beating estimates.
Juniper edged higher on positive analyst comments, and Red Hat
gained 4% on an upgrade.
And Intel pulled out of the Chinese Wi-Fi market.
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