Oracle Corp. ORCL, -0.61% shares slipped in the extended session Monday after the enterprise software company's earnings topped Wall Street estimates but revenue did not. Oracle shares fell 2.6% after hours, following a decline of 0.6% to close at $51.95 in the regular session. The company reported a fiscal third-quarter loss of $4.02 billion, or 98 cents a share, compared with a profit of $2.24 billion, or 53 cents a share, in the year-ago period. Excluding charges from the U.S. tax overhaul, adjusted earnings were 83 cents a share. Revenue rose to $9.77 billion from $9.21 billion in the year-ago period. Analysts surveyed by FactSet had estimated 72 cents a share on revenue of $9.78 billion.
Read the full story: Oracle stock falls as earnings, outlook fuel doubts about cloud software growth