Shares of Oracle Corporation (NASDAQ: ORCL) were hammered in premarket trading. The enterprise software handed lower-than-expected fiscal third quarter earnings and revenue, late last evening.
Revenue across all divisions except software segment declined.
For the quarter ended February 28, Oracle reported adjusted or non-GAAP earnings of 65 cents a share up from 62 cents a share in the same period of last year. Revenue edged down 0.9% to $8.96 billion but excluding the impact of currency fluctuations it stood flat. Analysts’ consensus estimate was for earnings of 66 cents on revenue of $9.38 billion. Among software maker’s different revenue streams, revenue from software business climbed 3.8% in the fiscal third quarter but it plunged 16% in hardware systems segment, fell1.8% from cloud computing subscriptions and licensing and slumped 8.4% in services segment.
Shares of Guess? Inc. (NYSE: GES) tumbled in premarket trading after the apparel retailer provided lackluster outlook for the fiscal first quarter and full-year results, citing macroeconomic weakness.
However, the Company handed better-than-expected fiscal fourth quarter results as weaker sales in North America were offset by robust sales growth in Asia and improved performance in Europe.
For the recently concluded quarter, Guess reported adjusted or non-GAAP earnings of 95 cents a share compared to $1.05 a share, in the same quarter of last year. Revenue jumped 5.1% to $815.1 million but after adjusting the impact of currency fluctuations revenue rose 4.2%.
Analysts’ consensus estimate was for earnings of 87 cents a share on sales of $785 million.
For the current quarter, the Company anticipates earnings to come in the range of 5 cents to 10 cents a share, falling short of Street’s expectation of 29 cents a share while full-year earnings are expected to be in the range of $1.70 to $1.90 a share, missing analysts’ consensus forecast of $2.31.
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) edged up on Thursday after the pricey yoga and athletic pant maker handed better-than-expected fiscal fourth quarter results. Nevertheless, the Vancouver, Canada based Company provided weak outlook for the current quarter and full-year. Earlier this week, the Company said that it will be pulling out 17% of its pants from shelves as certain batch was found to be unacceptably sheer. At that moment, the Company had said that its bottom line and same-store-sales will feel the pinch due to product roll back.
Shares of Yahoo! Inc. (NASDAQ: YHOO) gained in premarket trading after Oppenheimer upgraded the internet company to “outperform” and boosted its price target on the stock to $27 from $22 a share. Earlier during the week, the Wall Street Journal reported that Yahoo was in talks to acquire controlling stake at French Telecom’s owned web video unit, Dailymotion.
Shares of K B Home (NYSE: KBH) climbed in premarket hours after the U.S.’s fifth largest homebuilder reported less-than-feared quarterly loss for the quarter ended Feb 28.
The company said that its net loss contracted to $12.46 million or 16 cents a share, from $45.8 million, or 59 cents a share, in the year earlier quarter. Analysts polled by Thomson Reuters were expecting a loss of 22 cents a share. Net orders, a key gauge on homebuilding sector since revenue is not booked until homes are built and sold, climbed 40% to 1,671 units.
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