Technology company Oracle announced lower than expected revenue on Monday, causing its stock to tumble in turn.
Oracle reportedly pulled in $12.45 billion during its first financial quarter compared to the $12.47 billion expected by Wall Street.
However, the company managed to pull in earnings of above analysts’ $1.15 per share predictions, instead earning $1.19 per share in Q1.
The new surrounding Oracle’s revenue caused its stock to dip 10% during trading Monday.
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