Oracle Shares Drop Over 9% after Reporting Bleak Q1 2024 Revenue Outlook
Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26. American multinational tech company Oracle Corporation (NYSE: ORCL) shares dropped approximately 9.23 percent during the after-hours sessions to trade around $115.02.
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