Oracle's quarterly profits, revenue fall short of estimates
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Oracle's fiscal second quarter earnings fell short of Wall Street forecasts, causing a drop in its stock price after hours. The company reported earnings per share of $1.47, missing the consensus estimate of $1.48.
December 09, 2024 | 9:45 pm
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Oracle's fiscal Q2 earnings missed expectations, with EPS at $1.47 versus the expected $1.48, leading to a drop in stock price after hours.
Oracle's earnings per share fell short of analyst expectations, which typically results in a negative market reaction. The immediate after-hours stock price drop indicates investor disappointment.
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IMPORTANCE 80
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