News Formal

Oracle’s stock dives toward worst post-earnings performance in 10 years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shares of Oracle Corp. tanked 9.5% early Tuesday, enough to pace the S&P 500’s premarket decliners, in the wake of the business software giant’s...

Shares of Oracle Corp.

tanked 9.5% early Tuesday, enough to pace the S&P 500’s SPX, +0.67% premarket decliners, in the wake of the business software giant’s disappointing earnings report and revenue guidance. The stock’s selloff, which comes after it closed Monday at a record $126.71, is on track to be the biggest one-day post-earnings performance since March 21, 2013, when the stock dropped 9.7% after the company reported fiscal third-quarter results. The stock’s implied price decline would shave roughly $32.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oracle stock slumps, Apple shares steady and other stocks on the moveApple, WestRock and Oracle are the stocks in the spotlight.
Source: MarketWatch - 🏆 3. / 97 Read more »

GameStop Corp. Cl A stock falls Monday, underperforms marketShares of GameStop Corp. Cl A shed 3.90% to $17.02 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500...
Source: MarketWatch - 🏆 3. / 97 Read more »