Oracle lost $1 off its price target from at least one investor on Friday after changes to how the company reports revenues wrecked havoc with Wall Streets estimates.
The new standards, known as ASC 606, impact all public companies in the US. The current quarter will be Oracle's first earnings using the updated standards.
But analysts made their initial estimates based on Oracle's old reporting standards. It was like comparing apples and oranges.
Oracle's revenue in 2018 was $457 million lo
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Oracle changed the way it reports revenue a day after announcing its annual results and analysts say there has been 'confusion' (ORCL)
-
Stocks rise, shaking off reports that Trump wants to leave the WTO
Stocks rose Friday as markets shrugged off unconfirmed reports that the US could abandon the World Trade Organization. The dollar fell against a basket of peers, and Treasury yields edged higher.
Here is the scoreboard:
Dow Jones industrial average: 24,269.71 +53.66 (+0.22%)S&P 500: 2,723.09 6.78 (+0.25%)
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Design now has a strategic role, not just a tactical one
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A consultancy that has been spot-on about how far crypto markets would tank expects bitcoin to tank even further
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If Quinlan continue to be right, then things will only get worse for bitcoin.
At the beginning of the year, consultancy Quinlan & Associates made a call that the bitcoin markets would tank in 2018.
And so, far the firm's predication has been spot on.
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Of those, 34% were women and 9% were men, with a further 30% saying they have witnessed sexual harassment happening to others. 20% of women and 5% of men between the ages of 18 and 24 have been sexually harassed in the first few years of working.
The vast ma -
Consumers hold on to their cash as confidence drops yet again
Consumers seem set on “self-imposed” austerity as their confidence in the economy and their own financial situation continues to deteriorate.
According to GfK, consumer confidence fell by two points in June to -9, marking two-and-a-half years in negative territory. And there is even more bad news for Britain’s struggling retail sector, with consumers’ propensity to make a purchase falling by a point to 0.
The economic mood in particular remains in the doldrums, with consu
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