Oracle Corp. (ORCL) shares moved lower Wednesday after the database software company posted 16 cents, vs. 12 cents third-quarter earnings per share (non-GAAP) on a 23% revenue rise. The company raised its fiscal 2005 earnings per share guidance to 64 cents to 65 cents from 62 cents.
General Motors (GM) is in talks with private equity and other financial firms over selling its stake in its GMAC Commercial Mortgage subsidiary. The deal could raise as much as $1 billion, according to people familiar with matter, says the Wall Steet Journal.
Coca-Cola (KO) slipped after it announced the restructuring of its groups in Europe, Asia, and the Middle East for marketing and growth initiatives.
XM Satellite Radio (XMSR) and Hyundai Motor America, announce Hyundai will be the first automaker to launch XM as standard, factory-installed equipment in every vehicle across its entire model line-up.
Boeing (BA) and Gol Linhas Aereas Inteligentes, Brazil's low-fare, low-cost airline, sign a contract to exercise four more purchase options for 737-800 Next Generation aircraft.
Bank Of America (BAC) approves an additional 200 million share buyback.
Aeterna Zentaris (AEZS) receives Colombian Food and Drug Agency approval for its Impavid to treat a cutaneous form of leishmaniasis.
C-Cor Inc. (CCBL) sees 34 cents to 38 cents third-quarter loss on lower-than-expected sales of $47 million to $49 million. The company cites greater-than-expected purchase accounting adjustments to deferred revenue related to its nCUBE acquisition and new customer orders being received late in the quarter.
Bombay Company (BBA) posted 20 cents, vs. 34 cents fourth-quarter earnings per share on a 7% same-store sales decline and a 4% total sales decline. The company sees 2 cents to 8 cents fiscal 2006 earnings per share on same-store sales rise in the low to mid-single digit range.
H.B Fuller (FUL) posted 22 cents, vs. 16 cents first-quarter earnings per share on an 11% revenue rise.
Sonic Corp. (SONC) posted 20 cents, vs. 16 cents second-quarter earnings per share on 7% higher same-store sales and 19% higher revenue. The company raises same-store sales growth target for the second-half of fiscal 2005 to 4% to 6%. It expects third-quarter net income to rise 18% to 20% and should translate into 36 cents earnings per share.