Oracle (ORCL) Shares Plunge as Q3 Earnings Miss Despite $130B Cl

March 11 – Oracle (ORCL, Financial) was in the spotlight on Tuesday after its fiscal third‑quarter results came in below revenue and EPS forecasts, triggering a roughly 5% decline in morning trading.

Despite the softer Q3 numbers, the company impressed on the bookings front. Remaining performance obligations reached $130 billion, well above the expected $105 billion, driven by strong demand for Oracle Cloud Infrastructure. Evercore ISI’s Kirk Materne noted that while margins and free cash…