Tag Archives: Lululemon

Oracle stock hits new highs, Chewy stock slides after earnings miss, Lululemon stock under pressure

Yahoo Finance’s Ines Ferre details some of the stocks on the move Friday.

Video Transcript

KARINA MITCHELL: And Ines, you’re watching Oracle, that stock rocketing today.

INES FERRE: Yeah, that’s right, up 15%, Karina, seeing new highs today after the company reported its quarterly results yesterday after the close. Its topline growth grew 6%, sending the stock higher. As you can see, revenue for its latest quarter came in at $10.36 billion, adjusted earnings per share at $1.21. And its infrastructure and application cloud business grew 22%.

Now what’s most interesting was, really, co-founder Larry Ellison on the conference call saying that he received a call from a large telecom client who told him that Oracle’s web hosting service never, ever goes down. Of course, that was a dig at Amazon…


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