Oracle Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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Oracle Corporation is set to report Q1 earnings on Sept. 9, with expectations of $1.48 per share, up from $1.39 last year, and projected revenue of $15.04 billion. Analysts have revised their price targets, with Mizuho raising it to $300, Bernstein to $308, and TD Cowen to $325. Oracle shares rose 4.4% to $232.80. A $38 billion debt package is being prepared by JPMorgan and Mitsubishi UFJ to fund Oracle's data centers.
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