Oracle Shares Fall 7% After Q2 Misses Estimates, Raises 2026 Revenue Guidance

Benzinga 2024-12-10

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Oracle's stock dropped 7% in extended trading after reporting fiscal second-quarter results that missed analyst expectations and issued a weaker forecast. Oracle reported adjusted earnings and revenue slightly below expectations, with year-over-year growth in sales and net income. Oracle raised its fiscal 2026 revenue guidance, supported by expanding AI-related capabilities, including Nvidia GPU-powered computing clusters. Oracle's stock remains over 80% year-to-date, its strongest performance since 1999.

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