Clorox Co.’s net income plummeted nearly 40 percent in the fiscal first quarter, largely because last year’s period included the benefit of selling a unit.
Stronger spending on business software helped Oracle’s quarterly profit jump 36 percent, but the company’s server business continued to deteriorate, which the company said is happening because it is shedding lower-margin deals.
Google Inc. ushered in new CEO Larry Page with second-quarter earnings that were far better than analysts expected.
Chevron reported first-quarter earnings rose 36 percent. The company received higher prices for the oil it produced, and also made more money from refining oil.
Oracle Corp.’s net income swelled 20 percent in the latest quarter as the world’s biggest maker of database software prospered from freer technology spending by corporations.