Oracle revenue rises 30% on cloud growth
Oracle (NYSE:ORCL) reported first-quarter fiscal 2027 revenue of $19.3 billion, up 30% year over year, driven by higher demand for its cloud infrastructure services.
Brent oil steadied near $101 a barrel as Iran vowed it was prepared for a more intense war, stoking fears about deeper disruptions through the Strait of Hormuz. US Energy Secretary Chris Wright told Bloomberg that just under 11 million barrels a day of crude and oil products are moving through Hormuz. Bloomberg's Will Kennedy breaks down the situation.
Oracle (NYSE:ORCL) reported first-quarter fiscal 2027 revenue of $19.3 billion, up 30% year over year, driven by higher demand for its cloud infrastructure services.

Designer Brands (NYSE:DBI) reported second-quarter 2026 net sales of $730.6 million, down 1.2% year over year, while net income increased to $17.6 million.

Adobe (NASDAQ:ADBE) reported record third-quarter fiscal 2026 revenue of $6.76 billion, increasing 13% year over year, while raising its full-year revenue and earnings targets.

The Lovesac Company (NASDAQ:LOVE) reported second-quarter fiscal 2027 net sales of $161.2 million, up 0.4% year over year, and returned to quarterly profitability with net income of $7.4 million.
Shoe Station Group (NASDAQ:SHOE) reported second-quarter 2026 net sales of $284.3 million, down from $306.4 million in the prior-year period, and lowered its fiscal 2026 guidance.
MasterCraft Boat Holdings (NASDAQ:MCFT) reported fiscal fourth-quarter 2026 net sales of $129.9 million, up $50.4 million or 63.4% year over year.
Macy’s (NYSE:M) reported second-quarter 2026 net sales of $4.9 billion, up 1.1% year over year, and raised its annual guidance.
Vince Holding (NASDAQ:VNCE) reported second-quarter 2026 net sales of $81.8 million, up 11.7% from $73.2 million in the prior-year period, driven by growth in direct-to-consumer and wholesale channels.