Oracle's 4Q earnings rise 8 pct, top analyst views

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by Associated Press

WCNC.com

Posted on June 18, 2012 at 6:07 PM

SAN FRANCISCO (AP) -- Oracle's latest quarterly earnings climbed 8 percent to top analyst expectations. 

The business software maker surprised investors by releasing the results Monday. The fiscal fourth-quarter report had been scheduled to come out Thursday. 

Oracle Corp. didn't give a reason for the change of plans. 

The company earned $3.45 billion, or 69 cents per share, for the three months ending in May. That compared to income of $3.2 billion, or 62 cents per share, at the same time last year. 

If not for items unrelated to its ongoing business, Oracle says it would have earned 82 cents per share. On that basis, Oracle exceeded the average estimate of 78 cents per share held among analysts surveyed by FactSet. 

Revenue edged up 1 percent from last year to $10.9 billion.
 

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