Analysts Are Updating Their Oracle Corporation (NYSE:ORCL) Estimates After Its Third-Quarter Results

Shareholders might have noticed that Oracle Corporation (NYSE:ORCL) filed its quarterly result this time last week. The early response was not positive, with shares down 6.6% to US$151 in the past week. It looks like the results were a bit of a negative overall. While revenues of US$14b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.1% to hit US$1.02 per share. Earnings are an important time for investors, as they can track a…