Oracle: Another Estimate Cut Ahead of Earnings Dec. 18

December 11, 2008 at 11:48 am PT

Friedman Billings Ramsey’s David Hilal this morning became the latest analyst to cut estimates on Oracle (ORCL) ahead of the software giant’s earnings report for the November quarter, which will be announced after the close on Dec. 18.

Oracle’s forecast for the quarter was for revenue to be up 9-12 percent, or 12-15 percent on a constant currency basis; it projected new license growth of 2-12 percent, or 5-15 percent on a constant currency basis.

Hilal thinks the company will be at the low end of guidance on a constant currency basis, and could miss on an as-reported basis.

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Tagged with: Barrons, currency, David Hilal, Eric Savitz, Friedman Billings Ramsey, frontpage, Larry Ellison, Oracle, software, Tech Trader Daily

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