Oracle Corp (NYSE:ORCL) shares are in the spotlight Monday ahead of earnings. Here’s a look at what you need to know.
What To Know: Oracle is set to report fiscal third-quarter financial results Monday after the market close. The company is expected to report earnings of $1.38 per share and revenue of $13.306 billion, according to Benzinga Pro. Although Oracle has beat EPS estimates in recent quarters, the company has narrowly missed top-line estimates in two consecutive quarters.
Last quarter, Oracle said demand for its Cloud Infrastructure and Generative AI services was “increasing at an astronomical rate” as total Remaining Performance Obligations climbed to over $65 billion, exceeding the company’s annual revenue. Investors will be watching for an update on cloud infrastructure and generative AI services demand.
Several analysts have cut price targets on …