Strong earnings, revenue boost Oracle
Jon "DRJ" Najarian | firstname.lastname@example.org
Oracle, reporting results several days earlier than expected, said earnings totaled $0.82 a share in its fourth quarter on revenue of $10.92 billion. Analysts had expected $0.78 on the bottom line and $10.89 billion on the top line. It also added $10 billion to its stock buyback, and ORCL is up 5 percent before the bell on my tradeMONSTER platform.
Struggling Retailer Loses Marketing Executive
J.C. Penney announced that marketing chief Michael Francis left the company, shortly after CEO Ron Johnson said its advertisements had failed to lure new shoppers. JCP drops 5 percent in the premarket.
Western Gas Plans to Sell Shares
Western Gas Partners announced it would sell 5 million shares in a public offering. That represents about 5 percent of the traded float. WES is down 4 percent on the news.
FedEx Issues Weak Guidance
FedEx reported better-than-expected quarterly results, but revenue missed and guidance was weak. The shipping company expects to earn $1.45 to $1.60 a share in the current quarter, versus the $1.70 consensus number. Full-year profit will be $6.90 to $7.40, mostly below the $7.39 consensus number. FDX declines almost 2 percent in the pre.