5 Companies That Had A Rough Week


Oracle Misses Wall Street Expectations, But Not By Much

Oracle on Wednesday reported increased revenue and profit for its fiscal third quarter, but didn't report enough of either to please investors, who caused the company's share prices to plummet in after hours trading by 4 percent. Share prices rallied the next day, but by the end of the week were down by nearly 2 percent.

Oracle reported revenue for the third fiscal quarter, which ended February 28, of $9.3 billion, which was up 6 percent over the revenue reported during the same period a year ago but a bit shy of what Wall Street was expecting.
 
Oracle reported profit for the quarter of $2.6 billion, or 56 cents per share, up from last year's 52 cents per share on a GAAP basis. Non-GAAP profits were reported at 68 cents per share, 2 cents shy of Wall Street analyst expectations.