India, March 11 -- Shares of Oracle Corp. declined around 3 percent in the extended trading on Monday on the NYSE after a 4 percent drop in the regular trading, and is currently down around 2 percent in pre-market activity, after the tech major's third-quarter earnings missed the market estimates despite an year-over-year growth on continued demand for AI.
The company also issued fourth-quarter earnings view in its earnings call, expecting between a decline and a growth from the prior year, while revenues are projected to be higher. Oracle also announced higher quarterly cash dividend.
In its earnings call, Oracle Chief Executive Officer Safra Ada Catz said, "We remain very confident and committed to total cloud infrastructure revenue for...