By Wiltone Asuncion
Publication Date: 2026-02-24 14:00:00
Khey statistics for Oracle stock
- Result reaction: -10.83%
- Current price: $148.08
- Goal of the evaluation model: $731.60
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What happened?
Oracle Corporation (ORCL) Shares fell 10.83% following the latest earnings release, closing at $148.08.
The sharp selloff came after the software and cloud infrastructure giant posted a mixed second-quarter earnings report.
Oracle posted revenue of $16.06 billion, narrowly missing the Wall Street consensus estimate of $16.19 billion.
However, the company reported a huge adjusted earnings per share of $2.26, beating estimates of $1.64 thanks to a pretax gain of $2.7 billion from the sale of its stake in Ampere.
Despite the profit, the bottom line is Investors aggressively dumped the stock due to a shocking increase in capital spending.
Oracle’s free cash flow fell to negative $10 billion as the company spent $12…