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LIVE UPDATES | CONCLUDED


STOCK MARKET NEWS, DEC. 12, 2023: INDEXES FINISH HIGHER, LED BY NASDAQ, AFTER
CPI REPORT


ORACLE SINKS; TREASURY YIELDS, OIL FUTURES SLIP AHEAD OF FED INTEREST-RATE
DECISION



Last Updated: 

Dec. 12, 2023 at 6:09 PM EST

Live Coverage Feed

Updated 3 days ago


ORACLE STOCK FALLS AFTER EARNINGS MISS ESTIMATES

By

Denny Jacob

and

Quentin Webb

Oracle said sales grew 5% to $12.94 billion in the most-recent quarter. (David
Paul Morris/Bloomberg News)

Oracle shares (ORCL) looks set for one of their biggest drops this year after
the software giant reported lower-than-expected quarterly revenue.

The stock recently stood 11% lower. If the decline holds through the close of
regular trading, that would be the second-largest pullback this year, after a
13% fall on Sept. 12.

Here’s how Oracle did in the three months ended Nov. 30:

Oracle Corp.

ORCL (U.S.: NYSE)

$103.32 USD3.013.00%

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