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Oracle shares slide on earnings and revenue miss, disappointing forecast
Oracle shares fell in extended trading after the database software company issued disappointing quarterly results.
Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts' estimates and issued a weaker-than-expected forecast.
Here is how Oracle did compared to LSEG consensus:
Earnings per share: $1.47 adjusted vs. $1.48 expected
Revenue: $14.06 billion vs. $14.1 billion expected
Oracle's second-quarter sales grew 9% year over year.
RE: LeoThread 2024-12-10 09:52