Oracle shares sink nearly 5% after third-quarter revenue miss
Publishing timestamp: 2023-03-09 17:40:17
Summary
Oracle's overall sales increased 18% year-over-year to $12.40 billion during its latest quarter, but its operating income declined 18% from the previous year. The company's net income also fell to $1.90 billion, or 68 cents per share, from $2.32 billion, or 84 cents per share, the previous year. Despite beating analyst estimates for adjusted earnings per share, Oracle's shares dropped nearly 5% after the financial results were reported.
Sentiment: NEUTRAL
Tickers: ORCL,
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