Oracle shares slip after revenue misses estimates

Oracle Corp. shares slipped in the extended session Monday after the enterprise software company‘s earnings topped Wall Street estimates but revenue did not. Oracle shares fell 2.6% after hours, following a decline of 0.6% to close at $51.95 in the regular session. The company reported a fiscal third-quarter loss of $4.02 billion, or 98 cents a share, compared with a profit of $2.24 billion, or 53 cents a share, in the year-ago period. Excluding charges from the U.S. tax overhaul, adjusted earnings were 83 cents a share. Revenue rose to $9.77 billion from $9.21 billion in the year-ago period. Analysts surveyed by FactSet had estimated 72 cents a share on revenue of $9.78 billion.