Earnings Preview: Oracle Corporation

Oracle Corporation ORCL is set to report earnings tonight, and Wall Street will be looking whether to see Larry Ellison and company can continue to expand Oracle's presence in a multitude of markets. At last check, shares of Oracle Corporation were off 37 cents to $31.83, a loss of 1.15%‎. Analysts will be looking for earnings of 71 cents per share on revenues of $10.75 billion. This is up from last year, when Oracle reported earnings of 60 cents per share on $9.63 billion. Guidance for next quarter is expected to be 46 cents on $8.28 billion in revenues. Shares trade at 13.3 times forward earnings. Oracle Corporation, an enterprise software company, develops, manufactures, markets, distributes, and services database and middleware software, applications software, and hardware systems worldwide.