Citi Updates On ORCL

Citi updates on Oracle Corporation's (NASDAQ: ORCL) EPS.

According to Citi, " EPS of $0.54 was positively impacted $0.03 by tax – $0.54 should really be looked at as $0.51, which compared to our $0.50 and street $0.50. Hardware impressively improved to 55% (versus our 53% estimate) and operating expenses were $100M lower than we modeled. GMs and OpEx were the drivers of upside."

ORCL has a Buy Rating and a $34.00 Price Target.

ORCL closed at $32.14 yesterday.