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Oracle, FedEx Post Mixed Earnings Reports

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After the closing bell this Monday, and separated by weeks on either side by the bulk of normal earnings seasons, tech major Oracle (ORCL - Free Report) posted mixed results in its fiscal Q1 2019: 71 cents per share was a 3-cent positive surprise from the consensus, but revenues of $9.20 billion missed the $9.29 billion Zacks analysts had been looking for. This top-line result was also basically flat from Oracle's revenue total in the year-ago quarter.

On the earnings side, it's been a full two years since Oracle missed estimates on the bottom line. The company also plans a massive 12 billion share buyback program. However, this hasn't been enough to keep ORCL shares from sliding 5% in after-hours trading. For more on ORCL's earnings, click here.

Transportation and logistics giant FedEx (FDX - Free Report) also posted fiscal Q1 2019 earnings results this afternoon, also mixed compared to estimates: $3.10 per share was well below the $3.78 in the Zacks consensus, while revenues in the quarter of $17.1 billion beat the $16.88 billion analysts had been looking for. However, FedEx rose its full-year guidance by 20 cents on both top and bottom ends of the range, to $15.85 - $16.45 per share. This is the fourth quarter in the past eight where FedEx has come up short on bottom-line estimates. Shares are trading down roughly 2.5% in after-hours trading.

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