Oracle Earnings Miss, Sales Miss

This is a news story, published by Investor's Business Daily, that relates primarily to ORCL news.

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Investor's Business Daily

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Oracle Stock Falls On Earnings, Sales Miss. Tech Giant Touts Strong AI Demand.

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Oracle ( ORCL ) stock fell late Monday , after the database software giant reported fiscal second quarter earnings that were just shy of consensus expectations.

Sales also came in below estimates despite what the company touted as record AI demand for its cloud services.

The company earned an adjusted $1.47 per share on sales of $14.06 billion for the September-ended quarter .

On the stock market today , Oracle stock is down 8% at 175.50 in after-hours action.

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