Why Oracle Stock Is Plummeting Today
Shares of (NYSE: ORCL) are falling today, down 13.7% as of 12:09 p.m. ET. The drop comes as the S 500 and Nasdaq Composite lost 0.3% and 1.1%, respectively.
Oracle reported earnings after the bell on Wednesday that fell short of Wall Street's expectations. The company's mixed report is dragging down much of the market, as it has done little to ease investor anxiety over whether the artificial intelligence (AI) boom is actually an AI bubble.
Oracle missed its top line, delivering $16.06 billion when Wall Street had projected $16.21 billion for the quarter. It did, however, handily beat on its bottom line, reporting earnings per share (EPS) of $2.26 when $1.64 was expected.
Source Fool.com
Oracle Corp. Stock
€161.56
-4.670%
The stock is one of the favorites of our community with 98 Buy predictions and 2 Sell predictions.
With a target price of 230 € there is a positive potential of 42.36% for Oracle Corp. compared to the current price of 161.56 €.
