Oracle Stocks Slip by 5%
The stock prices for Oracle have experienced a dip in the premarket trading action. According to information from the stock markets, the stocks for Oracle have ended up experiencing a dip after sharing its earnings for the third quarter of 2021.
In the earnings results, Oracle revealed that it was able to meet the revenue target but fell short of the earnings for the third quarter of 2021. The officials revealed for the third quarter of 2021, the Refinitiv analysts had estimated it would hit generate revenue worth $10.51 billion. As for the earnings, the Refinitiv analysts predicted Oracle would achieve them at $1.18 per share.
While Oracle successfully matched the revenue by generating the exact amount of $10.51 billion. However, the earnings Oracle generated for the third quarter of 2021 were worth $1.13 per share. The data shows that Oracle fell short by 5 cents in meeting the earnings’ target.
Due to the above, the software solution provider recorded a 5% dip in its share prices in the premarket trading. For the loss in the earnings, Oracle executives revealed that they had made a couple of investments in the respective year, which resulted in low-income figures.
DocuSign Stocks Undergo a Huge Stock Price Dip
DocuSign has also observed a huge plummet in the share prices in the postmarket action. The share prices for DocuSign ended up facing a huge loss after sharing its earnings guidance report for the entire fiscal year.
However, the executives at the e-signature software maker had also shared the earnings data for the fourth quarter of 2021. In the report, the officials revealed that they successfully exceeded the estimations that were set by the analysts for the fourth quarter of 2021.
The officials revealed that they met all the top and bottom estimations that were made by the analysts for the fourth quarter of 2021. On top of that, the officials announced that they will soon be launching a buyback program. According to the buyback program, it will proceed with repurchasing $200 million worth of its own stocks.
Ulta Beauty Stocks Surge by 1.2%
In the premarket trading, the stocks for Ulta Beauty have experienced a jump. Ulta Beauty also recently went ahead and shared earnings for the fourth quarter of 2021. In the report, Ulta Beauty confirmed it beat the estimations that were made by the analysts.
Ulta Beauty has revealed that for the respective quarter, the analysts estimated the company would generate revenue worth $2.69 billion. Fortunately for Ulta Beauty, the actual revenue it generated was worth $2.73 billion. Following the announcement, the share prices for Ulta Beauty surged by 1% in the premarket trading.