Why Oracle's Stock Is Trading Lower Today

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Oracle Corporation ORCL shares are trading lower despite the company reporting better-than-expected fourth-quarter earnings results.

Oracle reported fourth-quarter earnings per share results of $1.54, which beat the analysts' estimate of $1.31. The company also reported sales results of $11.2 billion, which beat the analysts' estimate of $11.04 billion.

Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world.

Oracle's stock was trading down about 5% at $77.64 on Wednesday during premarket hours. The stock has a 52-week high of $85.03 and a 52-week low of $51.32.

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