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Company News For Sep 13, 2019

Zacks Equity Research
  • Oracle Corp.’s ORCL shares plummeted 4.3% after reporting first-quarter fiscal 2020 revenues of $9.22 billion, missing the Zacks Consensus Estimate of $9.29 billion.
  • Hertz Global Holdings Inc. HTZ surged 3.6% following news that activist investor Carl Icahn raised his stake to 30.1% of the company’s outstanding shares.
  • AT&T Inc.’s T shares decreased 0.9% after the company revealed that its third quarter 2019 revenues will be affected by low upgrade rate and a weak business in Warner Media.
  • Shares of Alphabet Inc. GOOGL gained 1.2% after the company settled $1.1 billion fiscal fraud litigation with the French authority.

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