Oracle Corp. Reveals 6% Retreat In Q2 Bottom Line

(RTTNews) - Oracle Corp. (ORCL) reported a profit for second quarter that fell compared to the same period last year.

The company said its profit dropped to $2.57 billion, or $0.61 per share. This was lower than $2.74 billion, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $9.07 billion. This was up from $9.00 billion last year.

Oracle Corp. earnings at a glance:

-Earnings (Q2): $2.57 Bln. vs. $2.74 Bln. last year. -Earnings Decline (Y-o-Y): -6.2% -EPS (Q2): $0.61 vs. $0.63 last year. -EPS Decline (Y-o-Y): -3.2% -Analysts Estimate: $0.60 -Revenue (Q2): $9.07 Bln vs. $9.00 Bln last year. -Revenue Change (Y-o-Y): 0.8%