Oracle Stock increases for the second consecutive day after solid results, pink prospects
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One day after having increased by 13%, Oracle shares added an additional 7% in the Friday afternoon trade.
Shares of Oracle (Orcl) Attach a record level for a second consecutive session Friday after the corporate software giant announced results of the fourth quarter that exceeded expectations and spoke of “considerably higher” income for the current financial year.
After the bell on Wednesday, Oracle declared an adjusted benefit from the fourth quarter per share of $ 1.70 on income, which increased by 11% in annual sliding to $ 15.90 billion, the two metrics exceeding the consensual estimates of the analysts interviewed by Visible Alpha. CEO Safra Catz said: “Fy25 has been a very good year, but we think that Fy26 will be even better because our income growth rates will be considerably higher.”
Oracle’s shares climbed 13% for a record yesterday, and led S&P 500 winners for a second consecutive day on Friday with an advance of almost 8%. The action closed at $ 215.22 after climbing up to $ 216.59 earlier in the session.
The action has won around 29% for the start of the year, including a 22% cumulative increase since Wednesday’s report.
This article has been updated since its first publication to reflect the more recent values of stock prices.
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