Oracle Stock Poised for Record High After Cloud Company Exceeds Revenue Expectations. Soars 9% Following Earnings Beat.

Oracle shares jumped in extended trading after the cloud company reported that adjusted earnings per share and revenue exceeded analyst expectations. At over $150 per share in after-hours trading, Oracle is set to hit a record high on Tuesday, beating its previous close of nearly $145 in July. Year-to-date, Oracle’s stock has gained 34%, outpacing the S&P 500’s 15% increase. Oracle expects second-quarter revenue growth, with EPS in line with analyst estimates. Cloud services and license support revenue rose 10%, and cloud infrastructure revenue surged 45%.