Oracle Slips Early on Reduced Net Income (NASDAQ:ORCL)

Shares of Oracle (NASDAQ:ORCL) are trading 0.6% lower to $25.87 premarket Friday after the world's second-largest software maker said Q3 net income fell to $1.19 billion, or 23 cents a share, from $1.33 billion, or 26 cents, a year earlier.

"The Sun integration is going even better than we expected," said Oracle President, Safra Catz. "We believe that Sun will make a significant contribution to our fourth quarter earnings per share as well as meet the profitability goals we set for next year."