Name: Oracle (ORCL) Stock Drops After Earnings
Uploaded: 2023-09-12T15:09:21.761-05:00
Duration: 4 min 39 s

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Oracle (ORCL) shares drop after mixed earnings. ORCL’s 1Q adjusted EPS came in at $1.19 versus an estimated $1.14 and revenue came in at $12.45B versus an estimated $12.45B. Its cloud services and license support revenue came in at $9.5B. Renita Young discusses these earnings as ORCL’s cloud revenue grew 30% year-over-year. DA Davidson cuts ORCL’s price target to $104 from $115 and keeps a neutral rating. ORCL sees its 2Q adjusted EPS between $1.27-$1/31 and revenue growth between 5-7%. Tune in to find out more about the stock market today.

Oracle (ORCL) Stock Drops After Earnings

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