Market Updates
U.S. Movers: Oracle, Rentokil Initial, Rubrik
Scott Peters
12 Jun, 2024
New York City
Oracle Corp. soared 11.1% to $138.61, despite the database developer reporting weaker-than-expected quarterly results.
Investors bid up the stock after the company announced an artificial intelligence partnership with Google and OpenAI.
Revenue in the fiscal fourth quarter ending in May rose 3% to $14.3 billion from $13.8 billion; net income dropped to $3.2 billion from $3.3 billion; and diluted earnings per share eased to $1.11 from $1.19 a year ago.
Rubrik declined 1.8% to $34.48, and the cloud computing company reported a weaker-than-expected outlook despite reporting higher-than-expected quarterly revenue of $187 million.
Revenue in the fiscal first quarter increased to $187 million from $135.7 million; net loss soared to $732.09 million from $89.3 million; and diluted loss per share expanded to $11.48 from $1.49 a year ago.
Rentokil Initial soared 14.5% to $30.89 after activist investor Trian Fund acquired a sizeable stake in the company.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|