Wall Street Breakfast Oracle beat sends shares up
6 snips
Mar 11, 2026 Oracle posts stronger-than-expected Q3 results and raises guidance, sparking a market move. Nintendo jumps on Pokémon sales and Super Mario movie buzz. A plan for a new Texas oil refinery backed by Reliance makes headlines. Quick rundown of big movers, activist stakes, and AI video plans rounds out the market roundup.
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Oracle Beats Estimates And Raises Growth Targets
- Oracle beat Q3 estimates with $1.79 adjusted EPS and $17.19B revenue, signaling stronger cloud and software demand.
- Management guided Q4 revenue to $18.93–$19.24B and FY27 revenue to $90B, raising prior targets and implying sustained growth.
Nintendo Rally Fueled By Pokemon Sales And Movie Hype
- Nintendo jumped as Pokemon Pocopia sold out in U.S. retailers and boosted investor enthusiasm for Switch 2 exclusive titles.
- Stock rallied up to 10.5% in Tokyo, with analysts linking momentum to game sales and upcoming Super Mario movie anticipation.
Planned Brownsville Refinery Promises Massive Scale
- President Trump announced a plan for the first new U.S. oil refinery in 50 years to be built in Brownsville, Texas with investment from Reliance.
- The project targets 168,000 barrels per day and claims $300B in economic activity, starting as soon as Q2.