Oracle Shares Down On Q3 Earnings Miss, Mixed Q4 View; Sees Long-term Growth

Oracle Shares Down On Q3 Earnings Miss, Mixed Q4 View; Sees Long-term Growth

Shares of Oracle Corp. declined around 3 percent in the extended trading on Monday on the NYSE after a 4 percent drop in the regular trading, and is currently down around 2 percent in pre-market activity, after the tech major’s third-quarter earnings missed the market estimates despite an year-over-year growth on continued demand for AI.

The company also issued fourth-quarter earnings view in its earnings call, expecting between a decline and a growth from the prior year, while revenues are…

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