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After the closing bell this Monday, and separated by weeks on either side by the bulk of normal earnings seasons, tech major Oracle (ORCL - Free Report) posted mixed results in its fiscal Q1 2019: 71 cents per share was a 3-cent positive surprise from the consensus, but revenues of $9.20 billion missed the $9.29 billion Zacks analysts had been looking for. This top-line result was also basically flat from Oracle's revenue total in the year-ago quarter.
On the earnings side, it's been a full two years since Oracle missed estimates on the bottom line. The company also plans a massive 12 billion share buyback program. However, this hasn't been enough to keep ORCL shares from sliding 5% in after-hours trading. For more on ORCL's earnings, click here.
Transportation and logistics giant FedEx (FDX - Free Report) also posted fiscal Q1 2019 earnings results this afternoon, also mixed compared to estimates: $3.10 per share was well below the $3.78 in the Zacks consensus, while revenues in the quarter of $17.1 billion beat the $16.88 billion analysts had been looking for. However, FedEx rose its full-year guidance by 20 cents on both top and bottom ends of the range, to $15.85 - $16.45 per share. This is the fourth quarter in the past eight where FedEx has come up short on bottom-line estimates. Shares are trading down roughly 2.5% in after-hours trading.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
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Oracle, FedEx Post Mixed Earnings Reports
After the closing bell this Monday, and separated by weeks on either side by the bulk of normal earnings seasons, tech major Oracle (ORCL - Free Report) posted mixed results in its fiscal Q1 2019: 71 cents per share was a 3-cent positive surprise from the consensus, but revenues of $9.20 billion missed the $9.29 billion Zacks analysts had been looking for. This top-line result was also basically flat from Oracle's revenue total in the year-ago quarter.
On the earnings side, it's been a full two years since Oracle missed estimates on the bottom line. The company also plans a massive 12 billion share buyback program. However, this hasn't been enough to keep ORCL shares from sliding 5% in after-hours trading. For more on ORCL's earnings, click here.
Transportation and logistics giant FedEx (FDX - Free Report) also posted fiscal Q1 2019 earnings results this afternoon, also mixed compared to estimates: $3.10 per share was well below the $3.78 in the Zacks consensus, while revenues in the quarter of $17.1 billion beat the $16.88 billion analysts had been looking for. However, FedEx rose its full-year guidance by 20 cents on both top and bottom ends of the range, to $15.85 - $16.45 per share. This is the fourth quarter in the past eight where FedEx has come up short on bottom-line estimates. Shares are trading down roughly 2.5% in after-hours trading.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>