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Oracle stock falls on slight Q2 revenue, profit misses

DeFi Daily News by DeFi Daily News
December 9, 2024
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Software and cloud company Oracle (ORCL) released fiscal second quarter earnings after Monday’s market close, falling just shy of both expectations on the top and bottom lines. Oracle reported revenue of $14.06 billion — below estimates of $14.12 billion — while adjusted earnings came out to $1.47 per share — also short of consensus estimates of $1.48. Oracle’s stock is falling by nearly 9% in extended-hours trading. Market Domination Overtime anchors Julie Hyman and Josh Lipton break down Oracle’s latest earnings print, taking a closer look at its cloud infrastructure revenue. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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