Oracle Earnings, Revenue Miss Estimates

Oracle reported quarterly earnings and revenue that missed analysts’ expectations on Thursday, sending shares lower in extended-hours trading. The company posted fiscal fourth-quarter earnings, excluding items, of 92 cents per share, up from 87 cents a share in the year-earlier period.

Revenue increased to $11.32 billion from $10.95 billion a year ago. Analysts had expected the company to report earnings, excluding items, of 95 cents a share on $11.48 billion in revenue, according to a consensus estimate from Thomson Reuters.

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This article originally appeared on Recode.net.

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