Oracle stock sinks amid earnings miss, higher spending forecast [Yahoo! Finance Canada]
Oracle Corporation (ORCL)
Last oracle corporation earnings: 3/12 04:02 pm
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Source: Yahoo! Finance Canada
steepest daily loss of the year following second-quarter results that fell short of Wall Street analyst expectations and a forecast for AI spending that drew investor scrutiny. Joining other high flying tech companies ramping up their cloud businesses , Oracle reaped the benefits from the rapid expansion of data infrastructure across corporate America. The company reported that revenue from its cloud Infrastructure unit surged 52% to $2.4 billion. But overall sales and earnings missed analyst forecasts. The company posted earnings of $1.47 a share, compared to analysts estimates of $1.48, according to data compiled by Bloomberg. "Oracle shares following a mixed quarter that was underscored by an acceleration of total revenue, though missing consensus estimates on the top and bottom-line," D.A. Davidson analysts said in a note. Oracle Corporation (ORCL) Oracle shares had been on a tear. Prior to earnings, they had risen more than 80% this year. The company set a new high in Nov
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News
- Should You Think About Buying Oracle Corporation (NYSE:ORCL) Now? [Yahoo! Finance]Yahoo! Finance
- Oracle Co. (NYSE: ORCL) was downgraded by analysts at Monness Crespi & Hardt from a "neutral" rating to a "sell" rating. They now have a $130.00 price target on the stock.MarketBeat
- How fighting affordable housing nearly bankrupted one of America's richest towns [Los Angeles Times (CA)]Los Angeles Times
- Storable Marine Division Accelerates Enterprise Innovation, Earns Industry RecognitionPR Web
- GTT Announces Access to Oracle Cloud Infrastructure via FastConnect [Yahoo! Finance]Yahoo! Finance
ORCL
Earnings
- 12/9/24 - Beat
ORCL
Sec Filings
- 12/10/24 - Form 10-Q
- 12/9/24 - Form 4
- 12/9/24 - Form 8-K
- ORCL's page on the SEC website