Oracle's Near-record High Stock Wobbles After Earnings Beat

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Oracle Corp. ORCL, -0.02% shares traded between slight gains and losses in the extended session Thursday after the enterprise software company topped Wall Street estimates. Oracle shares, which had been up about 1% after hours, were last down 0.4%, following a less than 0.1% decline to close the regular session at $53.05, a penny shy of its all-time closing high. The company reported fiscal third-quarter net income of $2.75 billion, or 76 cents a share, compared with a loss of $4.05 billion, or 98 cents a share, in the year-ago period. Adjusted earnings were 87 cents a share. Revenue declined to $9.61 billion from $9.68 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 84 cents a share on revenue of $9.58 billion.

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