Oracle beats on earnings, but stock drops on plans to raise another $20 billion
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Source: CNBC
Published: 2026-06-11 06:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 5% in extended trading as the company plans to raise more money to finance its AI buildout.
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