Oracle reported mixed quarterlies. Profit beat expectations, while revenue came up short. The software giant saw a big decline in new software licenses. Its cloud computing revenue also disappointed. The stock was volatile in initial after-hours trading. In the regular session shares were up a fraction to $38.27.
Investors got a chance to react to news that Microsoft hiked its quarterly dividend. The new payout is 36 cents a share, up five cents. It will be payable in December to shareholders on record as of November 19th. The heightened dividend puts the yield on Microsoft shares at about three percent. Shares rose slightly to $44.30.
Cracker Barrel posted earnings that topped estimates, helped by higher menu prices. But sales missed consensus, which weighed on shares like a double order of biscuits and gravy. Cracker headed for the bottom of the barrel by more than 3.5 percent, to $145.59.
Fitbit secured a huge corporate deal with Target. The retailer will offer Fitbit trackers to its more than 300,000 employees. That’s one of the largest corporate deals the company has ever secured. Shares of Fitbit popped 12 percent to $37.10.
Reports of a takeover sent shares of Williams up in today’s session. Energy Transfer Equity is close to winning a takeover fight for its rival pipeline operator. Shares rose more than five percent to $45.86.
Expedia & Orbitz
Expedia has won antitrust approval to buy Obitz. The Department of Justice said it did not require any sort of asset sale from Expedia in exchange for the approval. Orbitz rose about 6.5 percent to $11.92. Expedia was almost five percent higher to $124.68.