Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast quarterly revenue below analysts' estimates. Red Hat's billings growth of 17 percent for the second quarter ended Aug. 31 also disappointed investors, said Derrick Wood, an analyst with Susquehanna Financial Group LLLP.
Sept 19- Following is a table highlighting this financial year's assumed currency rates for some major Japanese firms and the impact on annual operating profit of a 1 yen move lower against both the dollar and the euro. Company Assumed Impact of 1 yen Assumed Impact of 1 yen rate move on operating rate vs yen move on vs dlr profit euro operating.
REDWOOD CITY, Calif.— Oracle Corp. on Thursday reported profit of $2.18 billion in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Analysts expected $8.78 billion, according to Zacks.
Sept 18- Oracle Corp reported quarterly revenue below analysts' estimates, hurt by a 7.6 percent fall in hardware systems revenue. Net income was $2.18 billion, or 48 cents per share, down from $2.19 billion, or 47 cents per share, a year earlier. On an adjusted basis, Oracle earned 62 cents per share, less than the 64 cents expected on average by analysts.
David Garrity, GVA Research; CNBC contributor Jeff Sonnenfeld, and CNBC's Jon Fortt provides instant analysis to Larry Ellison's decision to step down as Oracle CEO.
Oracle is reporting Q1 EPS of $0.62 ex-items on revenue of $8.60 billion, with CNBC's Dominic Chu.
CNBC's Jim Cramer reacts to Larry Ellison's decision to step down as CEO. The "Closing Bell" panel provides perspective.
Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a 19 percent increase in quarterly revenue, helped by strong subscription growth. Net income rose to $46.8 million, or 25 cents per share, in the second quarter ended Aug. 31, from $40.8 million, or 21 cents per share, a year earlier.
Oracle reported quarterly earnings that trailed Wall Street expectations on Thursday and announced a $13 billion stock buyback.
WASHINGTON— The number of jobs at U.S. airlines keeps growing— although slowly— as some of them post record profits. The U.S. Department of Transportation said Thursday that the nation's passenger airlines employed the equivalent of 386,243 full-time workers in July, up 1.3 percent from the same month last year.
NEW YORK, Sept 18- Consumer staples stocks were edging higher heading into the latter stages of trading, as ConAgra shares climbed in the wake of its quarterly earnings.
Sept 18- Rite Aid Corp cut its full-year profit forecast for the second time in about three months due to lower margins in its pharmacy business, sending its shares down more than 16 percent.
Sept 18- Rite Aid Corp, the third-largest U.S. drugstore chain, cut its full-year profit forecast for the second time, citing lower margins in its pharmacy business, sending its shares down 11 percent in premarket trading.
IHS, whose businesses include Cambridge Energy Research Associates and technology market research firm iSuppli, raised its revenue forecast to $2.23 billion- $2.24 billion for the full year ending Nov. 30, from its previous range of $2.17 billion- $2.23 billion.
Sept 18- ConAgra Foods Inc, the maker of Hunt's Ketchup and Chef's Boyardee pastas, on Thursday reported a higher-than-expected quarterly profit and said its consumer foods business was recovering. Net income rose to $484.5 million, or $1.12 per share, in the first quarter ended on Aug. 24 from $147.2 million, or 34 cents per share, a year earlier.
CAMP HILL, Pa.— Rite Aid Corp. topped analyst expectations for its second quarter, but the drugstore chain's stock tumbled Thursday after it also dropped its fiscal 2015 earnings forecast for the second straight quarter due in part to an expected decrease in pharmacy profitability.
The Omaha, Nebraska company posted net income of $482.3 million, or $1.12. Earnings, adjusted for one-time gains and costs, came to 39 cents per share, or 4 cents better than Wall Street had expected, according to a poll of analysts by Zacks Investment Research.
Some of the names on the move ahead of the open.
Net income rose to $484.5 million, or $1.12 per share, from $147.2 million, or 34 cents per share, a year earlier.
Sept 18- Rite Aid Corp, the third largest U.S. drugstore chain, cut its full-year profit forecast for the second time this year as lower margins from its pharmacy business continue to eat into earnings. Rite Aid shares fell nearly 9 percent in premarket trading on Thursday after the company also shaved the top end of its sales forecast.