Oracle's quarterly financial results came out early today. I'm really scratchin' my head as I try to figure out investor reactions to the results. According to the Santa Barbara News-Post, earnings were up 30 percent over the same period last year. Revenues were up 21 percent over the same period last year but apparently investors were disappointed that revenues failed to meet their expectations. As I write this post, the stock is taking a bit of a bath in afterhours trading.
A 21 percent improvement in revenues, coupled with a 30 percent increase in earnings, and the stock is in the tank? Don't know about you all, but I wish my own finances would "miss expectations" so well.
To avoid a conflict of interest in both my profession and on this blog, I don't personally own any Oracle stock. However, I'm really tempted to go buy some on the cheap tonight before investors come to their senses...
A 21 percent improvement in revenues, coupled with a 30 percent increase in earnings, and the stock is in the tank? Don't know about you all, but I wish my own finances would "miss expectations" so well.
To avoid a conflict of interest in both my profession and on this blog, I don't personally own any Oracle stock. However, I'm really tempted to go buy some on the cheap tonight before investors come to their senses...
3 comments:
Hey Floyd
I remember the crazy daze of the bubble - everyone else seemed to go up except us. Any 'miss' tiny as it might be and we would get pummeled. I met a day trader a while back - he loves our stock - 'shorts' it all the time and makes a stack of cash - brave man!
Tim
oh, investors have their senses around them, Floyd.
It's the big hedge funds and other very large investors who haven't got a clue what they are doing and are being run by cowboys with less sense than an ant's brain.
And that is why we have this silly situation going on.
Welcome to perception based economies. That is all our is. If people start believeing someone is great, then they get more business and there stocks does better etc. I am finding that the truth is hard to find. Like you said would love to miss with those kind of results.
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