STOCKS | Oracle Drops Premarket After Capex Tops Estimates; Sees $70 Billion Net Capex in FY2027
2026-06-11 10:03:07
Oracle shares declined in premarket trading after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year ending in May 2027, according to Bloomberg.
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