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Associated Press
Ahead of the Bell: Oracle 2Q earnings due out
Associated Press, 12.18.08, 07:13 AM EST
Oracle Corp. is expected to become the latest technology bellwether to stumble with the release of its fiscal second-quarter earnings after the stock market closes Thursday.
Some analysts think the trends will be discouraging enough to prompt the business software maker to rein in expenses in hopes of shoring up its profit through the rough times ahead.
If so, Oracle (nasdaq: ORCL - news - people ) may dump more workers into the unemployment line, although some analysts believe the Redwood Shores-based company is more likely to try to trim costs without resorting to its first mass layoffs in at least five years.
Oracle employed more than 85,000 workers worldwide at the end of August.
Wall Street already appears convinced Oracle's second-quarter results will be lackluster. Analysts, on average, predict adjusted earnings of 34 cents per share, a penny less than the low-end target that Oracle's management set three months ago. The projections exclude Oracle's costs for acquisitions and stock awarded its employees.
Revenue is expected to total $5.84 billion.
As usual, investors are likely to focus on Oracle's sales of new software licenses - a key benchmark because those deals uncork a stream of future revenue from product maintenance and upgrades.
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Oracle had been hoping to boost its new software sales by 2 percent to 12 percent during the second quarter. Even if Oracle manages to fall within that range, management isn't expected to be as optimistic in its forecast for the current quarter ending in February.
The company's shares fell 53 cents Wednesday to close at $16.74, leaving its stock price down by about 25 percent so far this year.
[ 本帖最后由 yapand 于 2008-12-18 23:00 编辑 ] |
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楼主: z_y_r
发表于 2008-12-10 16:44
