CHRW - Hot Stocks: ORCL rises on earnings; CHRW climbs on M&A chatter; PBF upgrade; XPER court ruling
Oracle (NYSE:ORCL) was among the biggest names moving in Tuesday's midday trading, jumping after it released a strong earnings report. The rally allowed shares to recover losses recorded earlier in the month. The list of intraday gainers also included C.H. Robinson (CHRW), which rose on M&A chatter surrounding its global forwarding unit. Meanwhile, PBF (PBF) climbed on an analyst's upgrade. Looking to the downside, Xperi (XPER) dropped following an unfavorable ruling in a Canadian patent lawsuit. Gainers Oracle (ORCL) posted a substantial rally in the wake of its earnings report. Shares of the enterprise software maker climbed 8% after announcing better-than-expected quarterly results and releasing an upbeat forecast. The company said Q4 revenue climbed 5% to $11.84B. For Q1, ORCL predicted a profit between $1.09 and $1.13 per share. Analysts were looking for a figure of $1.08 per share. C.H. Robinson (CHRW) also gained ground in midday trading following reports
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Hot Stocks: ORCL rises on earnings; CHRW climbs on M&A chatter; PBF upgrade; XPER court ruling