Dollar's rise causes 3% hit to Oracle's Q3 outlook
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Oracle's Q3 earnings outlook has been negatively impacted by a 3% hit due to the rising dollar, as reported by CNBC's Seema Mody.
December 10, 2024 | 5:45 pm
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Oracle's Q3 earnings outlook has been negatively impacted by a 3% hit due to the rising dollar.
The rising dollar has a direct impact on Oracle's earnings, as it affects the company's international revenue when converted back to USD. A 3% hit to the earnings outlook is significant and likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100