By Connor Hart
Oracle fell short of analyst expectations despite posting higher revenue and profit in its fiscal second quarter. The cloud-software provider reported adjusted earnings of $1.47 a share and revenue of $14.06 billion, missing Wall Street's outlook for adjusted earnings of $1.48 a share and revenue of $14.12 billion. Chief Executive Safra Catz said that record-level AI demand boosted results in the recent quarter. Shares fall 7.7%, to $175.72, in after-hours trading.
Yext guided for lower-than-expected revenue in its fiscal fourth quarter. The search-software company forecast revenue between $112.4 million and $112.9 million in the current quarter, as well as adjusted per-share earnings between 12 cents and 13 cents. Analysts polled by FactSet expect revenue of $113.5 million and adjusted earnings of 14 cents a share. In its recent quarter, the company posted revenue and adjusted earnings in line with Wall Street estimates. Shares fall 11%, to $7.60, in postmarket trading.
Planet Labs provided guidance for the fourth quarter that missed analyst expectations as it posted weaker-than-expected third-quarter results. The provider of daily data and insights about Earth guided for revenue between $61 million and $63 million in the current quarter, missing the $66.6 million for which analysts were looking. In its recent quarter, the company said revenue rose 11% to $61.3 million, but came below the $63.1 million expected by Wall Street, according to FactSet. Shares tumble 11%, to $3.60, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
December 09, 2024 18:51 ET (23:51 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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