Earnings Reaction Rollercoaster: Oracle Tumbles, Casey's Surges
- September 11th, 2023
- 620 views
Oracle Corporation (NYSE: ORCL), a global technology company, reported first-quarter fiscal 2024 earnings of $1.19 per share, surpassing the consensus EPS estimate of $1.15. However, the company's quarterly revenues of $12.45 billion fell slightly below analysts' expected revenue of $12.46 billion.
$ORCL was trading at $115.30 in after-hours, down $11.41 (-9.00%).
In other news, Casey’s General Stores, Inc. (Nasdaq: CASY), a convenience store and retail company, reported first-quarter fiscal 2024 earnings of $4.52 per share, significantly exceeding the consensus EPS estimate of $3.37, but the company's quarterly sales of $3.87 billion were slightly below analysts' revenue projection of $3.89 billion for the period.
In after-hours, $CASY was trading at $246.55, up $7.15 (+2.99%).
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