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in Tech

Oracle shares sink nearly 5% after third-quarter revenue miss

by Editor March 9, 2023, 11:05 pm 999 Views

Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016.

David Paul Morris | Bloomberg | Getty Images

Oracle shares dropped nearly 5% after the enterprise tech giant reported its financial results for its 2023 fiscal third quarter.

Here’s how the company did:

Earnings: $1.22 per share, adjusted, vs. $1.20 per share as expected by analysts, according to…

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