Oracle Shares Tumble After Earnings Miss—Larry Ellison’s Fortune Loses $15 Billion
Larry Ellison, Oracle’s billionaire co-founder, had his net worth cut by $15 billion Tuesday as the company’s stock paced its worst loss in nearly a year, after a recent earnings report that fell short of estimates, though analysts remained optimistic about the database software firm.
Oracle's Larry Ellison is the NBJ's Newsmaker of the Year
Ellison — Oracle Corp. 's co-founder and former CEO as well as its current chairman and chief technology officer — is who the Nashville Business Journal newsroom selected as 2024's Newsmaker of the Year. The annual profile spotlights someone who influenced and drove one or more of the year's major events and storylines.
Oracle shares suffer steepest drop of 2024 after earnings miss
After the close on Monday, Oracle reported earnings per share for the fiscal second quarter of $1.47, trailing analysts' average estimate by a penny, according to LSEG. Revenue rose 9% from a year earlier to $14.06 billion, missing the $14.1 billion average estimate.
Oracle (ORCL) may have reported fiscal second-quarter results and guidance that were a bit weaker-than-expected, but Wall ...
Goldman Sachs raised the firm’s price target on Oracle (ORCL) to $185 from $153 but keeps a Neutral rating on the shares. The stock declined ...
Oracle's cloud infrastructure growth topped hyperscale rivals in Q2. Oracle stock is still down about 7.0% on Tuesday morning ...
After the market closed yesterday, Oracle published results for the second quarter of its current fiscal year, which ended ...
Oracle shares tumbled after the cloud company’s second-quarter revenue fell short of Wall Street’s expectations, but analysts ...
Oracle (ORCL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Keith Weiss from Morgan ...
At $172.78, the company was on track to lose nearly $50 billion in market capitalization if losses hold. Oracle's shares have ...
Shares of Oracle Corp. fell the most in a year after the software giant reported lukewarm quarterly revenue, disappointing ...
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