Earnings Results: Oracle stock slides on outlook after once again riding stock buybacks to earnings beat

Oracle Corp. shares declined in the extended session Thursday after the enterprise software company forecast its outlook, after the company topped Wall Street estimates again amid a wave of stock buybacks.

Oracle shares ORCL, -0.02% , which had bounced up and down about 1% after hours before the outlook was announced, were last down 3%, following a less than 0.1% decline to close the regular session at $53.05, a penny shy of the stock’s all-time closing high. Over the past 12 months, Oracle shares are up 1.4%, compared with a 2.2% gain in the S&P 500 index SPX, -0.09% and a 1.8% rise in the tech-heavy Nasdaq Composite Index COMP, -0.16% .

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