Yahoo Finance
We live in a time where a reiteration of guidance can lead to a brutal selloff in shares.
Thus, when Oracle (ORCL) stock dropped like a rock after the company reported mixed fourth-quarter numbers, the fall wasn't exactly surprising.
For Oracle, however, the reason behind the drop was different.
Instead, investors were unenthused about Oracle's $40 billion capital raise, as concerns are increasingly rising among the broader AI trade regarding returns on massive capital expenditures.
The $40 billion raise includes Oracle's $20 billion equity financing announced earlier this year.
Further, the company revealed that it would not raise any additional debt in this calendar year.
Having said that, the Q4 print put forth some genuine concerns alongside some real positives.
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Subscribe today! Oracle's Q4 results, reported on June 10, gave mixed signals.
Revenue and earnings both increased year-over-year (YOY) while coming in ahead of consensus estimates.
While total revenue of $19.2 billion climbed 21% YOY, earnings grew at an even higher rate of 24% YOY to $2.11 per share.
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