Oracle Stock Falls On Mixed Earnings Report, Sales Miss

Oracle stock fell late Monday after the software giant reported adjusted earnings of $1.34 per share on $12.9 billion in fiscal second quarter sales.


On average, analysts polled by FactSet expected the Austin, Texas-based Oracle (ORCL) to earn $1.33 per share on $13.1 billion in sales for the November-ending quarter.

During the year-earlier period, Oracle’s earnings were $1.21 a share and the company reported $12.3 billion in sales.

Oracle has historically provided a forecast for the next quarter during its earnings call.

In after-hours trading on the stock market today, ORCL stock dropped 8% to 106 in recent action.

More earnings coverage to come.

Oracle Up 41% This Year

Heading into earnings, Oracle stock closed at 115.13, up 1.3% on the day Monday. This year, Oracle stock has gained about 41%. The 46-year-old database software giant is pushing to offer more cloud-based services. That includes generative artificial intelligence services for businesses.

Oracle stock is trading above its 50-day moving average. Further, shares have formed a consolidation pattern with a 127.54 buy point, according to IBD MarketSmith.

Further, the IBD Stock Checkup tool shows that Oracle has a Composite Rating of 83 out of a best-possible 99. The rating means Oracle stock currently outperforms 83% of all stocks based on fundamental and technical stock-picking criteria.

In addition, shares have a Relative Strength Rating of 81 out of 99, which measures how a stock’s price performance over the last 52 weeks holds up against other stocks in IBD’s database.


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