Why Oracle Stock Took a Dive Today
Shares of Oracle (NYSE: ORCL) were falling today as the company reported fiscal first-quarter results that were essentially in line with estimates, but slowing cloud growth led the stock to sell off. It had impressed the market in its prior report with accelerating cloud infrastructure growth.
As of 10:44 a.m. ET, the stock was down 11.8%.
Oracle said total revenue rose 9% to $12.45 billion, which essentially matched estimates at $12.47 billion.
Source Fool.com
Oracle Corp. Aktie
112,64 €
1,77 %
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