Oracle Shares Fall 2.86% in Thursday Trading After Investor Day Rally

Oracle shares traded at $140.40 at 11:29 a.m. ET (15:29 UTC) Thursday, down 2.86% from Wednesday’s $144.54 close. The quote was an intraday snapshot, not a closing price. Oracle had gained 10.73% in the Oct. 28 session. That rally followed Oracle’s Oct. 28 Investor Day and its cash-flow outlook . Separately, Alphabet’s third-quarter revenue rose 25% from a year earlier to $127.577 billion. Google Cloud revenue reached $30.709 billion, up 103%. The quarter ended Sept. 30. Alphabet recorded negative free cash flow of $9.065 billion for the quarter, compared with a $5.855 billion deficit in the second quarter.

Source: TokenPost