BUZZ-Oracle rises after quarterly revenue beats estimate

Oracle Corporation -1.84%

Oracle Corporation

ORCL

175.06

-1.84%

** Shares of cloud firm Oracle ORCL.N rise ~8% to $161.50 in extended trading

** Company reports Q3 revenue of $17.19 bln, vs analysts' estimate of $16.91 bln - data compiled by LSEG

** Remaining performance obligations, a measure of future contracted revenue, at $553 bln, a more than fourfold jump over the year earlier

** ORCL forecasts fiscal 2027 total revenue at $90 bln, compared with the estimate of $86.6 bln

** Shares down 23.3% YTD


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