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Company News for Dec 16, 2019

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  • Oracle Corp. (ORCL - Free Report) shares tumbled 3.5% after the company reported second-quarter fiscal 2020 revenues of $9.62 billion, missing the Zacks Consensus Estimate of $9.81 billion.
  • Costco Wholesale Corp. (COST - Free Report) decreased 1.8% after the company posted first-quarter fiscal 2020 revenues of $37 billion, lagging the Zacks Consensus Estimate of $37.3 billion.
  • Shares of Adobe Inc. (ADBE - Free Report) surged 3.9% after posting fourth-quarter fiscal 2019 adjusted earnings per share of $2.29, beating the Zacks Consensus Estimate of $2.26.
  • Broadcom Inc. (AVGO - Free Report) plummeted 3.8% after reporting fourth-quarter fiscal 2019 adjusted earnings per share of $5.39, declining 7.9% year over year.

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