Wall Street Breakfast Podcast: Oracle's Growth Spell

Wall Street Breakfast 5.74M Followers Subscribe Summary Oracle (ORCL) delivered fiscal Q1 results and guidance that significantly beat Wall Street expectations, driving a 6.3% premarket gain. Cloud revenue surged 62% year-over-year to $11.6B, fueling overall revenue growth of 30% to $19.45B. Nearly one million ACA enrollees could soon find an unexpected $500 check in their mailbox. As diesel tops $6 a gallon nationwide, the ripple effects could soon reach everything from groceries to home heating bills. Mesut Dogan/iStock Editorial via Getty Images Download this episode on Apple Podcasts / Spotify or listen below: Oracle's ( ORCL ) cloud engine just hit another gear. (00:14) Record diesel prices. (01:20) A surprise Obamacare refund is on the way. (02:20) This is an abridged transcript. Oracle ( ORCL ) is up 6.3% in premarket action after ending 5.3% in the red on Thursday. The IT giant reported fiscal first-quarter results and guidance that topped Wall Street's estimates by a significant margin. For the period ending Aug. 31, Oracle said it earned an adjusted $1.92 per share as revenue rose 30% year-over-year to come in at $19.45B. Analysts had expected adjusted earnings of $1.75 per share on $19.13B in revenue. Cloud revenue (which includes infrastructure and applications) came in at $11.6B, up 62% year-over-year. Oracle said it now expects at least $90B in revenue for fiscal 2027, slightly above the $89.66B analysts were expecting. The company expects $8.10 in adjusted earnings per share, above the $8.07 per share estimate. Diesel prices surged above $6 a gallon for the first time on record, raising concerns about renewed energy-driven inflation just ahead of the fuel’s peak-demand season. The national average reached $6.0556 a gallon, according to AAA. In California, prices were approaching $8 a gallon. Fuel costs are climbing as crude oil prices surge following a sharp escalation in fighting between the U.S. and Iran this month. U.S. crude futures ( CL1:COM ) topped $100 a barrel on Thursday for the first time since May and are up roughly 20% in September. This creates a challenge for the Republican Party, with just over 50 days remaining before the midterm elections. Higher prices could be especially consequential in Maine, where heating oil is used by a larger share of households than anywhere else in the country, as well as in agricultural states such as Ohio, Kansas, and Iowa. President Trump on Thursday said that nearly one million individuals who received health care coverage through Affordable Care Act exchange plans will receive a $500 refund due to “user fees” passed on to them through higher premiums . A White House news release said those fees "accumulated a significant surplus of funds that were not used to benefit the Americans who paid these higher premiums." The refunds will be provided to those who did not receive any federal subsidies and only in the 30 states where exchanges are run by the federal government. Checks will be sent out starting in October. What’s Trending on Seeking Alpha: SpaceX signs $1 billion-a-month AI hosting deal DeepSeek efficiency gain sparks new volatility for South Korean chipmakers Samsung, SK Hynix It's September: Brace For Impact With Top Growth And Income Stocks Stock index futures are in the green. Crude oil is down 2.1% at $100. Brent crude is down 2.5% at $104. The FTSE 100 is up 0.3% and the DAX is up 0.4%. One stock on the biggest movers list: ACV Auctions ( ACVA ) +44% - Shares jumped after Copart ( CPRT ) agreed to acquire the digital dealer auction platform for $10.50 per share in cash, implying an equity value of about $1.9B. Economic calendar: 8:30 am CPI: Energy costs are expected to boost CPI again in August, with an increase of 0.4% month-on-month and 3.4% year-on-year. 10:00 am Consumer Sentiment This article was written by Wall Street Breakfast 5.74M Followers Subscribe Wall Street Breakfast, Seeking Alpha's flagship daily business newsletter, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices) and is published before 7:30 AM ET every market day. Wall Street Breakfast's readership of more than 1 million subscribers includes many from the investment banking and fund management industries. Sign up here to receive the Wall Street Breakfast in your inbox every business day.