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Tuesday, December 20, 2011

BREAKING NEWS: Oracle 2Q Results Miss Expectations

After the bell Tuesday, Oracle posted second-quarter results that were well below what Wall Street was expecting. The tech giant said it earned 54 cents an adjusted share on revenue of $8.8 billion, while Wall Street was looking for earnings of 57 cents a share on sales of $9.2 billion. The shares are off 8.5% in late trading.


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