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Apps & Software

Oracle Hits Recent Highs, But Guidance Still Pending (ORCL)

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By Douglas A. McIntyre Updated Published
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Oracle Corp. (NASDAQ:ORCL) posted earnings that Wall Street will have to wait for guidance before reaching a verdict.  Ellison & Co.’s first-quarter profit grew to roughly $840 million, roughly 25% growth compared to Q1 2007.  Oracle’s non-GAAP EPS came in at $0.22 EPS and its GAAP EPS was $0.16 EPS, and estimates were $0.21 on a non-GAAP basis.  Revenue rose to $4.53 billion (from $3.59 billion last year) and estimates were closer to $4.34 billion in revenue.

Oracle shares are up about 1.5% after-hours trading at $21.35, but unfortunately this is still essentially an "Open Item" until the forward guidance is issued.  The key is that the $21.13 was the 52-week and more than 5-year high, so anyone that bought shares over the last 5 years up to today’s close should be in-the-money.

Tomorrow is also options expiration date.  Here was the full earnings preview for comparisons. So far its acquisition path seems to be working.

Jon C. Ogg
September 20, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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