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Why Oracle Stock Is Rising Today

TheMotleyFool

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Why Oracle Stock Is Rising TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Tech giant Oracle (NYSE: ORCL) surprised investors after the closing bell yesterday by reporting fourth-quarter results that beat the consensus estimate for both its top and bottom lines.

As a result, investors pushed the tech stock higher this morning, with shares rising as much as 13.1%. At 10:58 a.m. ET, Oracle's stock was up by 9.1%.

The company reported adjusted earnings per share of $1.54 for the quarter, which easily beat Wall Street's average estimate of $1.37 per share.

Source Fool.com

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