Oracle (ORCL, Financial) drew attention on Tuesday after reporting fiscal third-quarter results that missed expectations. However, strong bookings and robust cloud infrastructure demand earned positive reactions from several Wall Street analysts.
Shares dipped 1% in premarket trading.
Evercore ISI analyst Kirk Materne noted that Oracle’s report had takeaways for both optimists and skeptics. While revenue and earnings per share were slightly below forecasts, the company exceeded expectations…
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