Oracle Shares Up After Earnings Release

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Oracle (NASDAQ:ORCL) shares were up $0.35 to $30.44 after the company released its quarterly earnings late Tuesday.The company reported reported Q3 EPS of $0.62, better than analyst estimates of $0.56 per share. Revenues for the quarter rose 3.4% year-over-year to $9.04 billion, better than consensus estimates of $9.02 billion.Oracle (NASDAQ:ORCL) has potential upside of 9% based on a current price of $30.04 and an average consensus analyst price target of $32.76.Oracle is currently above its 50-day moving average (MA) of $28.88 and above its 200-day of $29.75.In the last five trading sessions, the 50-day MA has climbed 0.7% while the 200-day MA has remained constant.