Oracle Shares Come Back As Guidance Not As Bad As Feared

Shares of Oracle ORCL have come back well off their lows, and are now down less than 4% after the software company gave guidance that was not as bad as initially feared. The California-based company said it sees first quarter earnings of 45 to 48 cents per share. Wall Street had been expecting earnings of 46 cents per share. Revenues are expected to grow at 9-12%. At last check, shares were off $1.14 to $31.32‎, a loss of 3.51%‎. Shares had been down as much as 7% earlier in after-hours trading.