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Oracle Post-mkt Stock Price Slumps 11%+, as 2FQ Rev. Rises 14% Below Estimate
Recommend 2 Positive 1 Negative 3 |
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Oracle (ORCL.US) shares slumped 11.5% in extended trading, at US$197.37. Other AI infrastructure stocks also subsided post-market, with CoreWeave (CRWV.US) down 3.4% to US$85.21, and NVIDIA (NVDA.US) down 1.3% to US$181.4. The company announced that revenue for the second fiscal quarter ending in November rose 14% YoY to US$16.058 billion, falling short of the market expectation of US$16.21 billion. Quarterly net profit surged 95% YoY to US$6.135 billion, with quarterly EPS at US$2.14, adjusted to US$2.26, above the market expectation of US$1.64. AASTOCKS Financial News Website: www.aastocks.com |
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