Oracle Falls After Hours, Super Micro Plunges, Cracker Barrel Jumps
On this episode of Stock Movers:
- Oracle (ORCL) shares are down 4.3% in extended trading, after the software company reported fourth-quarter results that were slightly better than expected on key metrics, including cloud infrastructure revenue. It also gave an outlook.
-Super Micro Computer (SMCI) fell the most in almost three months after the company announced a plan to raise $7 billion through a package of equity offerings, a move meant to help pay for the production of more artificial intelligence servers.
- Cracker Barrel (CBRL) jumps 23% after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight.
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