Here's Why Oracle (ORCL) Fell More Than Broader Market

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Oracle (ORCL) closed at $117.98 in the latest trading session, marking a -1.51% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.74%. The stock of software maker has fallen by 12.81% in the past month, leading the Computer and Technology sector's loss of 13.13% and undershooting the S&P 500's loss of 3.31%. Investors will be eagerly watching for the performance of Oracle in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.88, reflecting a 16.81% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $21.