The Night Watch: Oracle Pulls Back on Weak Forecast
Updated from 5:47 p.m. EDT
Software giant Oracle (ORCL) posted a solid fourth quarter, and investors initially cheered the numbers and sent the company's shares higher after the close. Then came the outlook.
The company, whose shares rose more than 10% following the release of its quarterly results, warned that the first quarter will likely be below expectations. Lately shares of Oracle were up only 1.7% to $9.36.
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