Oracle shares are trading lower after-hours: here’s why

Oracle Corp (NYSE: ORCL) said on Monday its earnings beat Wall Street estimates in the fiscal first quarter. Shares of the company, however, tanked about 4.0% in after-hours trading on weaker-than-expected revenue. Q1 financial performance Oracle reported $2.46 billion in net income that translates to 86 cents per share. In the comparable quarter of last […]