Can Larry Save the Stock Market?

September 17, 2008 at 5:44 pm PT

Tomorrow afternoon, the stock market will turn its weary eyes to you, Larry Ellison.

After the close Thursday, Oracle (ORCL) will report results for its fiscal first quarter ended August. The company’s previous guidance was for revenue to be up 18-20 percent on a year-over-year basis, with new software license revenue up 10-20 percent. The company expects profits of 17-18 cents on a GAAP basis, 26-27 cents non-GAAP. The Street is looking for $5.42 billion in revenue (which would be 17.9 percent growth) and 27 cents a share.

The Street is also looking for an omen that, just maybe, things aren’t going to be as bad as the market currently fears.

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Tagged with: Barrons, Eric Savitz, frontpage, Larry Ellison, Oracle, software license revenue, Tech Trader Daily

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