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Oracle stock is soaring following a major earnings beat

Becky PetersonJun 20, 2018, 01:41 IST

Oracle CEO Safra CatzOracle

Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.

Here's what Oracle reported:

Revenue for the quarter (GAAP): Oracle reported $11.26 billion, which beat analysts' expectations of $11.19 billion.
Earnings per share for the quarter (Adjusted): Oracle reported $0.99, which beat analysts' expectations of $0.94.

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Oracle stock is soaring following a major earnings beat

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