Oracle shares slide on earnings and revenue miss
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Oracle's shares declined after the company reported earnings and revenue that missed expectations for the latest quarter. Despite this, Oracle's shares have risen over 80% this year, marking a potential record annual performance since 1999.
December 09, 2024 | 9:30 pm
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NEGATIVE IMPACT
Oracle's shares fell due to a miss on both earnings and revenue for the latest quarter. However, the stock has seen significant growth this year, up over 80%, potentially marking its best annual performance since 1999.
The miss on earnings and revenue is a negative indicator for Oracle's short-term stock price, leading to a decline. However, the overall strong performance this year suggests resilience, but the immediate impact is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100