Oracle lost $1 off its price target from at least one investor on Friday after changes to how the company reports revenues wrecked havoc with Wall Streets estimates.
The new standards, known as ASC 606, impact all public companies in the US. The current quarter will be Oracle's first earnings using the updated standards.
But analysts made their initial estimates based on Oracle's old reporting standards. It was like comparing apples and oranges.
Oracle's revenue in 2018 was $457 million...
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