Oracle Corporation (ORCL) announced first quarter of FY2010 earnings per share of 29 cents, matching the Zacks Consensus Estimate. First quarter total revenues were down 5% year over year at $5.1 billion. New software license revenues were down 17% to $1.0 billion. Technology new license revenues were $711 million, down 19% in constant currency and down 22% in U.S. dollars. The Americas declined 11%, EMEA was down 26% and Asia declined 22%. Applications for new license revenues were $317 million, unchanged from last year on a constant currency basis, and down 4% in U.S. dollars. The Americas grew by 6%, EMEA was up 3% and Asia declined 23%. Software license updates and product support revenues were up 6% at $3.1 billion. These revenues are annual fees customers pay to receive updated versions and enhancements of their existing products. Services revenues were $909 million, down 18% in ...

Oracle Corp. (ORCL) reported better-than-expected fiscal fourth-quarter results late Tuesday, despite sluggish sales.

Shares of this Zacks #2 Rank ("Buy") company have jumped more than 8% on higher-than-usual volume of approximately 50.5 million, compared to the average daily volume of about 32.6 million.

The enterprise software company posted adjusted earnings of 44 cents per share, edging past the consensus estimate by a penny.

Quarterly revenue slipped 5% to $6.9 billion, although it still came in ahead of Wall Street expectations. The company also said that it was able to garner market share from archrival SAP (SAP) across every geographic region.

Oracle's software license sales declined 13% to $2.7 billion, while revenue from software license updates and product support rose 8% to $3.1 billion.

Meanwhile, fiscal first-quarter adjusted profit is expected between 29 cents and 31 cents, said President Safra Catz on a conference call with analysts. The

...

Saturday December 20, 2008 Navivest

Allstate - (ALL) $31.86 +$1.92

Shares of the insurer were up as were other insurers, which were mostly up in the day, probably on the auto industry bailout that was announced by President Bush.

Apache – (APA) $74.57 +$4.76

Shares of oil and gas producer Apache were up after crude oil managed to eek out very modest gains on Friday.

Baker Hughes - (BHI) $29.99 +$1.74

Baker Hughes is a service provider to the oil and gas exploration industry and the shares were up in tandem with crude oil prices.

Darden Restaurants – (DRI) $28.55 +$4.57

Darden Restaurants, which among its holdings operates Olive Garden and Red Lobster, on Thursday, reported that its second quarter 2009 diluted net earnings per share from continuing operations were $0.42 cents, an increase of 40%, versus 30 cents in the prior year.

With analysts looking for just $0.31 per share, Wall Street must have been

...