US Stock Market Move | In the third quarter, adjusted revenue and profit of Oracle Corporation (ORCL.US) fell nearly 5% below expectations.
On Tuesday, Oracle (ORCL.US) fell nearly 5% to $142.12.
On Tuesday, Oracle Corporation(ORCL.US) dropped nearly 5%, closing at $142.12. In terms of news, the company's adjusted revenue for the third quarter was $14.13 billion, a 6% year-on-year increase, which was lower than analysts' expectations of $14.39 billion. Adjusted earnings per share were $1.47, also lower than analysts' expectations of $1.49. Among them, cloud business revenue was $6.2 billion, lower than analysts' expectations of $6.3 billion. In addition, Oracle Corporation CEO Safra Catz remains optimistic about the growth prospects of TAL Education Group Sponsored ADR Class A, and expects the company's revenue to grow by 15% in the fiscal year 2026, higher than the market's general expectation of 12.6%.
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