Oracle Shares Tumble After Earnings Miss—Larry Ellison’s Fortune Loses $15 Billion
Larry Ellison, Oracle’s billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company’s stock paced its worst loss in nearly a year, after a recent earnings report that fell short of estimates, though analysts remained optimistic about the database software firm.
Oracle shares suffer steepest drop of 2024 after earnings miss
After the close on Monday, Oracle reported earnings per share for the fiscal second quarter of $1.47, trailing analysts' average estimate by a penny, according to LSEG. Revenue rose 9% from a year earlier to $14.06 billion, missing the $14.1 billion average estimate.
The software giant reported $4.21 billion in profit, or $1.47 per share, for the three months that ended in late November.
Oracle stock took a dive after the software firm’s latest quarterly performance left investors unimpressed. Analysts, however ...
Oracle's recent Q2 miss on EPS and revenue sparked a sell-off, but the declines were minimal, with EPS missing by just $0.01 ...
Looking forward, Oracle stock is likely to find some support at $170. This round-numbered price level served as a launching ...
Jim Cramer urged investors on Tuesday to view Oracle Corp. as a buying opportunity following its post-earnings decline, while ...
Oracle’s growth momentum remains strong despite short-term setbacks. Read why ORCL stock’s post-earnings decline is a chance ...
Given the big run-up in Oracle shares this year, roughly in-line results don’t seem to be enough for Wall Street.
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Oracle shares moved firmly lower in early Tuesday trading after a disappointing set of quarterly earnings triggered a host of ...
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