Oracle shares rise as sales beat estimates


Here is the latest Company News from CNBC.

Oracle shares rise as sales beat estimates
Sales were better than expected as the company booked more software-as-a-service customers and expanded margins.

Supermarket operator Kroger’s quarterly profit up about 10%
Kroger, the largest U.S. supermarket operator, reported a 9.9 percent rise in quarterly profit, helped by lower operating expenses.

Rite Aid shares slip as first-quarter earnings fall short
Pharmacy reimbursement rates challenged Rite Aid earnings in the latest quarter, Chairman and CEO John Standley said, in a statement.

Chinese search engine giant Baidu cuts revenue forecast
Baidu slashed its current-quarter revenue forecast, saying its healthcare customers had cut or delayed advertising spending.

H&R Block pops 7% on earnings beat
H&R Block beat quarterly earnings and revenue estimates and announced a boost in its dividend.

Valeant shares crater after profit misses estimates, company cuts forecast
Valeant Pharmaceuticals reported a lower-than-expected quarterly profit and cut its full-year earnings and revenue forecast.

Citigroup CEO points to 25 percent drop in quarterly results
Citigroup CEO Mike Corbat indicated that the company’s second-quarter net income will be roughly 25 percent lower than the same period a year earlier.

Dollar stores boosted after beating Street
Dollar General and Dollar Tree traded higher on Thursday after they posted earnings that beat Wall Street expectations.

This is what’s really driving Costco’s stock, Jim Cramer says
Forget about the company’s quarterly results: Costco shares are up because of this, CNBC’s Jim Cramer says.

Lions Gate shares pop after posting a surprise profit
Lions Gate surged more than 12 percent in the premarket as investors cheered the company’s latest quarterly results.

PVH shares advance as Calvin Klein, Tommy Hilfiger drive Q1 beat
PVH’s stock rose more than 5 percent as investors cheered the company’s latest quarterly results.

Sears posts bigger loss, explores options for two businesses
Sears said it was exploring partnerships or other deals for its Kenmore, Craftsman and DieHard unit and its Sears Home Services business.

Gap Inc reports earnings in line with Street expectations, announces 75 store closings
Gap said Thursday that it is closing 75 stores, primarily internationally, by the end of fiscal 2016.

Cisco shares pop 5% on earnings beat, positive guidance
Cisco posted better-than-expected quarterly earnings and gave positive guidance for its next quarter, boosted by growth in Asia.

L Brands trims full-year guidance as sales fall short
L Brands quarterly earnings that beat analysts’ expectations on Wednesday, but revenues fell short.

Staples earnings beat analysts’ expectations by a penny a share
But sales fell 3 percent in the quarter, hurt by a strong U.S. dollar and the closure of several stores.

Lowe’s earnings, revenue beat analysts’ expectations
Lowe’s reports quarterly earnings and revenue that topped analysts’ expectations.

Target earnings top expectations, but revenue is light
Target on Wednesday reported a higher-than-expected quarterly profit, but sales at established stores came in below analysts’ estimates.

Perrigo shares sway on quarterly results
Shortly after releasing its initial results, Perrigo revised its net loss figures to be lower than originally stated.

Agilent shares up after earnings beat
Agilent Technologies rose nearly 3 percent on the heels of beating Wall Street’s earnings estimates.

Red Robin shares stumble after sales miss
Shares of Red Robin fell nearly 11 percent in early trading Tuesday after the company reported quarterly revenue that missed analysts’ estimates.

Children’s Place bounces on boosted forecast
Shares of Children’s Place were up nearly 6 percent Tuesday after the retailer raised its full-year profit guidance.

TJX stock gains after retailer beats earnings estimates
TJX shares rose after the discount retailer posted better-than-expected quarterly results.

Home Depot earnings, revenue beat estimates
Home Depot reported a 9 percent rise in quarterly sales, saying that inconsistent weather drove demand across the board.

JC Penney shares fall after posting mixed results
J.C. Penney’s stock fell Friday after the retailer delivered mixed results for the first quarter.

Shake Shack results beat estimates, raises forecast
Shake Shack, known for its antibiotic-free hamburgers and frozen custard shakes, raised its same-restaurant sales forecast for the year.

Macy’s profit beats, but the retailer cut its full-year outlook
Macy’s reported a 7.4 percent fall in first-quarter sales, as customers cut back on buying apparel and a strong dollar discouraged tourists.

Wendy’s shares pop on earnings beat, raised guidance
Wendy’s advanced nearly 3 percent in the premarket after beating expectations on both the top and bottom lines.

Disney shares drop 6 percent as earnings, sales miss
Disney missed estimates for earnings per share, the first time the media giant did so in five years.

Lumber Liquidators sales sink 10.2% amid struggle to reassure customers
Lumber Liquidators sales slumped 10.2 percent, as the company struggles to convince customers its hardwood flooring is safe.

Square’s shares drop 13% on quarterly loss
Square posted another loss after the bell Thursday in its second quarterly report since going public.

GoPro shares swing after results; sales fall 50%
Battered wearable-camera maker GoPro posted mixed quarterly results as its sales beat expectations but plunged from the previous year.

Yelp shares pop 8 pct as earnings beat
Yelp shares popped 8 percent in after-hours trading when the business-review company easily beat quarterly earnings expectations.

Merck posts better-than-expected profit, raises forecast
Merck reported better-than-expected profit in the first quarter, driven by higher sales of its diabetes drug Januvia and heart drug Zetia.

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