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Oracle To Move Headquarters From Austin To Nashville
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Oracle surges after earnings blowout as demand for cloud services heats up

The company’s cloud infrastructure revenue soared double digits, and execs say, “The best is still to come.”

Nia Warfield

Oracle shares jumped 13% Thursday after the enterprise software giant beat Wall Street’s Q4 expectations. Earnings per share came in at $1.70, topping FactSet estimates of $1.64. Revenue rose 11% to $15.9 billion, ahead of the Street’s forecast of $15.6 billion.

A major highlight: Oracle’s cloud infrastructure revenue surged 52% to $3 billion, with execs saying that both growth rates and demand are “skyrocketing.” The company has been leaning into AI to cement its position in cloud computing, aiming to better compete with rivals like Amazon and Microsoft.

Looking ahead, Oracle expects total cloud revenue to grow 26% to 30% and sees non-GAAP EPS landing between $1.44 and $1.48 in the current quarter, in line with Wall Street estimates. The stock is up about 20% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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