Oracle Founder Larry Ellison Dethrones Elon Musk
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Wall Street analysts expect Oracle to report an EPS (earnings per share) of $1.64 on revenue of $15.58 billion for Q4. This marks a modest uptick from the same period last year when the company reported earnings of $1.63 per share on $14.3 billion in revenue.
The company is on track to add about $190 billion to its market value if the stock’s 28% gain in the postmarket session holds through Wednesday’s trading. AI-related stocks such as chip developer Nvidia Corp and its Asian suppliers also climbed.