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Oracle (ORCL) Stock Soars 9% to $163 After Smashing Q3 Earnings Estimates

Oracle (ORCL) Stock Soars 9% to $163 After Smashing Q3 Earnings Estimates

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2026-03-11 17:15:50

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Oracle Stock (ORCL) Surges on Q3 Earnings Beat: Up 9% to $163

Oracle Corporation jolted markets Wednesday with a powerful third-quarter earnings beat, sending its stock surging as much as 15% in after-hours trading before settling at a 9% gain. The enterprise software giant shattered Wall Street forecasts on both revenue and profit, reporting EPS of $1.79 on $17.19 billion in sales against expectations of $1.70 and $16.9 billion, signaling a robust recovery from last year's $1.47 billion profit on $14.1 billion revenue. The company's cloud segment outperformed with $8.9 billion in revenue, led by a significant beat in cloud infrastructure sales of $4.9 billion versus $4.74 billion estimates, marking a pivotal turnaround for investors after months of declining share performance.

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