Oracle (ORCL, Financial) shares fell 6% following its Q3 earnings report. The company reported a slight EPS miss, marking its third miss in the past four quarters. While EPS was within guidance, it was on the lower end. Revenue increased by 6.4% year-over-year to $14.13 billion, slightly below expectations. Oracle also provided downside guidance for Q4, citing one-time tax events and foreign exchange issues.
Despite these challenges, there were several positives:
- Oracle announced a 25%…
Article Source
https://www.gurufocus.com/news/2735232/oracles-q3-earnings-eps-misses-but-longterm-growth-prospects-shine
