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Oracle Stock Rises Despite Q1 Earnings Miss, Fueled by AI Infrastructure Demand
Oracle Stock Rises Despite Q1 Earnings Miss, Fueled by AI Infrastructure Demand
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BTCCSquare news:
Oracle shares surged 11% in after-hours trading despite missing first-quarter earnings expectations. The company reported $1.47 EPS (below the $1.48 consensus) and $14.9 billion in revenue (short of $15.04 billion estimates).
The standout metric was a 359% explosion in remaining performance obligations to $455 billion, signaling robust demand for Oracle's cloud infrastructure services. Wall Street maintains a Moderate Buy rating with a $257.90 average price target, though analysts may revise targets following these results.
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