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Oracle stock plunges more than 16% after revenue falls short

Oracle's stock has experienced a significant decline, dropping over 16% following disappointing revenue figures and concerns over a massive $50 billion spending plan. Despite a 14% increase in revenue to $16.1 billion for the November quarter, the results fell short of analyst expectations, leading to investor apprehension regarding the company's financial strategy and future guidance.

Oracle stock plunges more than 16% after revenue falls short

Credit: Yahoo

Key Highlights

  • Oracle's stock fell over 16% after revenue missed expectations.
  • The company's revenue for Q2 was $16.1 billion, below the $16.2 billion forecast.
  • Adjusted earnings per share were $2.26, supported by a one-time gain of $2.7 billion.
  • Oracle's spending plan increased by $15 billion to $50 billion for fiscal 2026.
  • The company reported a third consecutive quarter of $10 billion in free cash flow burn.
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Sources

  1. Oracle stock plunges more than 16% after revenue falls short
  2. Oracle Plunges 12% Despite Earnings Beat as $50 Billion Spending Plan Stuns Investors
  3. Oracle Stock Dives As Mixed Results Bring 'More Questions Than Answers'

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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