Oracle shares head for worst day of 2024 after earnings miss
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Oracle shares experienced their largest decline in a year after the company reported disappointing earnings and issued a weaker-than-expected forecast.
December 10, 2024 | 5:45 pm
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Oracle's shares dropped significantly after the company reported earnings that missed expectations and provided a weaker-than-expected forecast.
The steep drop in Oracle's share price is directly linked to the company's earnings miss and weak forecast, which are critical indicators for investors. Such news typically leads to a negative short-term impact on stock prices.
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