Earnings Results: Oracle stock rallies on earnings beat, outlook

Oracle Corp. shares increased in the extended session Wednesday after earnings topped Wall Street estimates and the database giant provided its outlook for a new fiscal year.

Oracle ORCL, -0.42% shares, which had surged as much as 7% following the release of earnings, were up 4.7% as a conference call ended Wednesday afternoon. Shares closed 0.4% lower in the regular session at $52.68, off from their all-time closing high of $55.41 set on April 26. In comparison, the S&P 500 index SPX, +0.30% finished up 0.3% Wednesday, and the Nasdaq Composite Index COMP, +0.42% rose 0.4%.

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