-1.3 C
Ottawa
Thursday, November 14, 2024

We are downgrading Oracle and cutting our price target after another bad quarter

Date:

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023.

Thank you for reading this post, don't forget to subscribe!

Brendan Mcdermid | Reuters

Oracle shares are taking a hit in the aftermarket following another disappointing quarterly report. While earnings at the cloud infrastructure company edged out Wall Street estimates, sales once again came up short with three of the company’s four main operating segments underperforming, including its crucial cloud services division.

know more

Popular

More like this
Related

Beverly Hills surgeon sues Medtronic for patent infringement

Michael Siluk | Education Images | Universal Images Group...

Republicans projected to win House majority, securing GOP trifecta

Speaker of the House Mike Johnson, R-La., holds the...

10-year Treasury yield is little changed after tame inflation report

The 10-year Treasury yield was little changed Wednesday as...

Viktor Gyokeres to Man Utd ruled out as ‘doomed project’ criticised

Lots of talk about Viktor Gyokeres to Man Utd? But why would Europe’s hottest striker join a ‘doomed project’? Plus, Ten Hag, Vinicius and Sunderland… Send your views to theeditor@football365.com Gyokeres to Man Utd? Really? Such rubbish stories coming out about Gyokeres and others following Amorim . Gyokeres in particular I would think would want