Oracle (ORCL) shares continued to slide Tuesday morning after reporting a slight miss on its fiscal second quarter revenue — $14.06 billion vs. expectations of $14.12 billion — and adjusted earnings estimates — $1.47 per share vs.
Oracle (ORCL) was "teed up to have a perfect quarter," according to Derrick Wood. He argues potential headwinds in its guidance sparked the sell-off.
Oracle Corp ORCL shares tanked in early trading on Tuesday after the company reported downbeat fiscal second-quarter results.
Oracle shares had their steepest drop in a year on Tuesday following the company's disappointing earnings report. Oracle also issued a weaker-than-expected forecast.
CNBC's Seema Mody reports on the dollar's impact on earnings.
ETFs with the highest allocation to Oracle are in focus for the coming weeks following disappointing second-quarter results.
In today's video, I discuss recent updates affecting Oracle (ORCL -7.47%) and other semiconductor AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Oracle Corporation's Q2 results missed estimates slightly, leading to an 8% share slump; there is robust cloud demand, but valuation seems stretched, prompting a downgrade to hold. Revenues were $14.1B (+9% y/y), with cloud infrastructure up 52% y/y; operating income and margins showed slight improvements. Oracle's AI and cloud infrastructure partnerships, as with Meta Platforms, indicate strong future growth potential, but market competition remains intense.
Oracle (ORCL -7.58%) stock is sinking in Tuesday's trading following the company's recent quarterly report. The tech giant's share price was down 6.8% as of 10:45 a.m.
Larry Ellison, Oracle's billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company's stock paced its worst loss in nearly a year, after a recent earnings report that fell short of estimates, though analysts remained optimistic about the database software firm.
Oracle (ORCL) shares tumbled after the cloud company's fiscal second-quarter revenue fell short of Wall Street's expectations, but analysts are mixed on what to make of its future.
Patrick Walravens, Citizens JMP analyst, joins 'Squawk on the Street' to discuss Oracle's quarterly earnings results, the milestones Oracle should be judged by, and much more.