REDWOOD SHORES (dpa-AFX) - Oracle Corp. (ORCL) reported a profit for its third quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $2.94 billion, or $1.02 per share. This compares with $2.40 billion, or $0.85 per share, last year.
Excluding items, Oracle Corp. reported adjusted earnings of $4.23 billion or $1.47 per share for the period.
Analysts on average had expected the company to earn $1.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 41.9% to $14.139 billion from $9.963 billion last year.
Oracle Corp. earnings at a glance (GAAP) :
-Earnings: $2.94 Bln. vs. $2.40 Bln. last year. -EPS: $1.02 vs. $0.85 last year. -Revenue: $14.139 Bln vs. $9.963 Bln last year.
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