Oracle active after hours on lower sales
SAN FRANCISCO (MarketWatch) -- Shares of
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.
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
Railroad stocks were pressured during regular trading after
Norfolk Southern shares rose fractionally to $66.12 after hours.