Oracle Loses 2013 Gains Following Top-To-Bottom Losses, Guides Lower
How quickly the mighty can fall. Once again, a leading market bellweather for how awesome everything is has missed. Missed Top-line; missed bottom-line; guided top-line lower; guided bottom-line lower. It seems, surprise surprise, currency headwinds are to blame for some of the damage.
- *ORACLE 3Q NON-GAAP EPS 65C, EST. 66C
- *ORACLE 3Q NON-GAAP REV. $8.97B, EST. $9.37B
- *ORACLE SEES 4Q NON-GAAP REVENUE DOWN 1% TO UP 4%, EST. UP 5%
- *ORACLE SEES 4Q NON-GAAP EPS 85C-91C, EST. 88C
And after all that, ORCL is now trading down for 2013...
and don't forget, ORCL is one of the Top 10 S&P 500 stocks accounting for 90% of its earnings beats last quarter...