Oracle Stock Poised for Record High After Cloud Company Exceeds Revenue Expectations. Soars 9% Following Earnings Beat.

Benzinga

Oracle shares jumped in extended trading after the cloud company reported that adjusted earnings per share and revenue exceeded analyst expectations. At over $150 per share in after-hours trading, Oracle is set to hit a record high on Tuesday, beating its previous close of nearly $145 in July. Year-to-date, Oracle’s stock has gained 34%, outpacing the S&P 500’s 15% increase. Oracle expects second-quarter revenue growth, with EPS in line with analyst estimates. Cloud services and license support revenue rose 10%, and cloud infrastructure revenue surged 45%.

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00:00It's Benzinga and here's what's on the block.

00:03Oracle shares jumped in extended trading after the cloud company reported that adjusted earnings

00:07per share and revenue exceeded analysts' expectations.

00:10At over $150 per share in after-hours trading, Oracle is set to hit a record high on Tuesday

00:16beating its previous close of nearly $145 in July.

00:20Year to date, Oracle stock has gained 34%, outpacing the S&P 500's 15% increase.

00:27We'll expect second-quarter revenue growth with EPS in line with...

00:30For all things money, visit Benzinga.com.

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