Oracle Shares Hit As Q2 Misses Estimates, Sees Q3 Below View

Shares of Oracle Corp. declined around 8 percent in the after-hours trading on Monday, and is currently down around 9 percent in the pre-market activity on the NYSE after the tech major's second-quarter earnings missed the market estimates, and also issued third-quarter outlook below the Street view. However, the quarterly profit and revenues increased from last year on continued demand for AI.

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