Why Oracle Stock Is Rising Today

Tech giant Oracle (NYSE: ORCL) surprised investors after the closing bell yesterday by reporting fourth-quarter results that beat the consensus estimate for both its top and bottom lines.

As a result, investors pushed the tech stock higher this morning, with shares rising as much as 13.1%. At 10:58 a.m. ET, Oracle's stock was up by 9.1%.  

The company reported adjusted earnings per share of $1.54 for the quarter, which easily beat Wall Street's average estimate of $1.37 per share. 

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Source Fool.com