Company News for June 15, 2022
- Oracle Corp.’s ORCL shares. jumped 10.4% after reporting adjusted earnings per share of $1.54 in the fourth quarter of fiscal 2022, beating Zacks’ consensus estimate of $1.38.
- Shares of FedEx Corp. FDX climbed 14.4% after the company announced a quarterly dividend rate increase of 53% to $1.15 per share.
- Shares of Continental Resources Inc. CLR jumped 15.1% after its founder Harold Hamm offered an all-cash buyout of the company valuing the entity at around $25.41 billion.
- Shares of Coinbase Global Inc. COIN fell 0.8% after the company announced it was cutting 18% of its total workforce.
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