Oracle Warns on Q2 Earnings
Nov. 13, 2001
%mlink(STRY:; PHOTO:VGJC112-111201; AUDIO:%)
LAS VEGAS (AP) _ Oracle Corp.'s chief executive said late Monday the database software giant would likely fall short of Wall Street's earnings estimates for its fiscal second quarter.
Larry Ellison told reporters at the Comdex trade show that the tough economic environment following the Sept. 11 will probably mean Oracle will miss analysts' earnings expectations of 11 cents per share for the three months ended November, as compiled by Thomson Financial/First Call.
Ellison said he now expects earnings of 9 or 10 cents per share.
Shares of Oracle closed Monday up 2 cents to $15.40 in trading on the Nasdaq Stock Market.
On the Net: http://www.oracle.com