Why Oracle Stock Is Sinking Today | The Motley Fool

Shares of Oracle (ORCL -3.22%) are sliding on Tuesday. The stock lost 3.2% as of 2:45 p.m. ET today and was down as much as 7.5% earlier in the day. The drop comes as the S&P 500 declined 0.5% and the Nasdaq Composite gained 0.2%.

The tech company reported mixed quarterly results that fell short of expectations while providing ambitious long-term projections.

Mixed earnings report

Oracle announced third-quarter earnings of $1.47 per share on sales of $14.1…