will try to top its stellar results from three months ago when it reports fiscal first quarter results late Tuesday.
Analysts expect August quarter earnings of 16 cents a share from Oracle on sales of $3.47 billion, up 19% from the year-ago quarter.
Still, analysts are somewhat cautious ahead of the company’s seasonally slow first quarter results. Merrill Lynch said it expects application sales to be solid, but database revenues could be a little soft.
Oracle’s results could also be viewed as a first look at third-quarter technology results, which will be reported next month.
Stocks were little changed Monday ahead of major economic news on Tuesday and Wednesday. Wholesale inflation will be reported Tuesday morning, followed by the Federal Reserve’s latest decision on interest rates Wednesday afternoon. Traders expect tame inflation to keep the Fed on hold once again.
shares jumped 6% on a buyout offer, while Symbol Tech
soared 15% on reports that it could be next.
gained 6% on news that it will be acquired by Citizens Communications
gained 3% on a $5 billion buyback plan.
lost 3.6% on negative comments from Deutsche Bank analysts.
The Nasdaq was unchanged at to 2235, the S&P 500 added 1 to 1321, and the Dow slipped 6 to 11,555. Volume declined to 2.24 billion shares on the NYSE, and 1.98 billion on the Nasdaq. Decliners led by a few shares on the NYSE, and 15-14 on the Nasdaq. Upside volume was 56% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 272-55 on the NYSE, and 205-94 on the Nasdaq.