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Oracle active after hours on lower sales

SAN FRANCISCO (MarketWatch) -- Shares of Oracle Corp. saw active trade in the evening session Thursday as quarterly revenue came in weaker than estimates.

Stock in Oracle (ORCL) wavered between positive and negative territory after the corporate-software company said its fiscal first-quarter profit rose to $2.03 billion, or 41 cents a share, from a profit of $1.84 billion, or 36 cents a share, in the year-earlier period. Adjusted profit was 53 cents a share while revenue slipped to $8.18 billion from $8.37 billion.

Analysts had forecast the Redwood Shores, Calif.-based company to report fiscal first-quarter adjusted earnings of 53 cents a share on revenue of $8.41 billion, according to a FactSet survey. See: Oracle offsets hardware slump with software.

Trulia Inc. (TRLA) , which jumped 41% in its debut Thursday on the New York Stock Exchange, initially rose in after hours but reversed course to fall 1.6%.

The online real-estate listing firm had opened trading at $22.10 after pricing its initial public offering at $17. See: Trulia shares soar in IPO.

Shares of Dow-transports component CSX Corp. (CSX) climbed 0.3% to $21.55 following a 5.7% decline in regular trading.

Railroad stocks were pressured during regular trading after Norfolk Southern Corp. (NSC) forecast on Wednesday that its third-quarter profit is likely to come in between $1.18 to $1.25 a share, below $1.63 a share forecast by analysts in a Thomson Reuters poll.

Norfolk Southern shares rose fractionally to $66.12 after hours.