Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19.
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Oracle shares rose as much as 5% and later lost much of their gains Thursday after hours, following an 11% drop during the day’s trading session, as the company reported fiscal third-quarter earnings and quarterly earnings guidance that were better than analysts had expected.
Here’s how the company did:
- Earnings: 97 cents per share, adjusted, vs. 96 cents per share as expected by analysts…