Oracle stock dives toward worst day in 2 decades after disappointing earnings report

Shares of Oracle Corp.

have accelerated to the downside after the opening bell, and is not on course to suffer their worst one-day performance in 21 years. The stock was down as much as 11.5% in premarket trading, after the software and cloud services company reported late Monday fiscal first-quarter revenue that missed expectations and provided a downbeat second-quarter outlook. But the stock fell even further after the open, with the stock last down 13.

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