AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Monday reported fiscal third-quarter net income of $2.94 billion.
On a per-share basis, the Austin, Texas-based company said it had net income of $1.02. Earnings, adjusted for one-time gains and costs, were $1.47 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The software maker posted revenue of $14.13 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $14.36 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORCL at https://www.zacks.com/ap/ORCL
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
