Natalie Parkinson
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Will Oracle fall today?


I suppose that Oracle’s shares will fall today based on a weaker-than-projected outlook for the second fiscal quarter. Yesterday Oracle fell as much as 4% and closed at $32.50 level.

The company expects earnings per share, on a non-GAAP basis, of between 65 cents and 70 cents, compared with the average of analysts' forecasts of 69 cents. At the same time it forecasts revenue growth of between 1 and 4 percent this quarter in constant dollars, translating to revenue of $9.02 billion to $9.29 billion and lagging the $9.41 billion Wall Street had expected.

http://www.reuters.com/article/2013/09/18/us-oracle-results-idUSBRE98H12C20130918