Company News For Sep 13, 2019

• 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Hertz Global Holdings, Inc (HTZ) : Free Stock Analysis Report
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
AT&T Inc. (T) : Free Stock Analysis Report
 
Oracle Corporation (ORCL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research