On the other hand, a buy boom on the Oracle stock, which spikes by more than + 13% in the premarket on Wall Street after the American company released its financial results yesterday.
The quarter showed an eps of $ 1.21 on an adjusted basis, better than the $ 1.11 expected by analyst consensus.
In addition, revenue in the fiscal second quarter of the year also rose 6% to $ 10.36 billion, better than the expected $ 10.21 billion.
Regarding guidance, Oracle expects eps for its fiscal third quarter of between $ 1.14 and $ 1.18 on an adjusted basis, and revenue up between 3% and 5%.
Analysts interviewed by Refinitiv expect the American software and hardware maker to earn an adjusted earnings of $ 1.16 per share on a turnover of $ 10.56 billion, a factor that would imply an increase of about 5% for the turnover.
The Oracle stock has risen by 37% since the beginning of 2021, compared with the + 25% of the S&P 500 index.