Oracle Corp. (ORCL) reported third quarter non-GAAP EPS of $0.65 after the bell Wednesday, up from $0.62 a year ago. Total revenues were down 1% to $9.0 billion. The consensus estimates were for EPS of $0.66 and revenues of $9.38 billion.
Oracle has gapped open sharply lower Thursday and is now down 3.13 at $32.64 on above average volume. The stock has fallen to nearly a 3-month low and has dropped beneath its 50-day moving average.
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