Oracle's stock loses $14 in pre-market trading following the release of earnings results.

Shares of Oracle Corporation experienced a sharp decline during pre-market trading ahead of the U.S. market opening on Tuesday, after the multinational company released its financial performance report for the second quarter of fiscal year 2025, which was slightly below Wall Street's expectations.

In the second quarter, Oracle's revenue reached $14.06 billion, marking a 9% increase from the previous year, but falling short of Wall Street estimates of $14.11 billion, according to data collected by LSEG.

Earnings per share also rose by 24% in the second quarter compared to the same period last year, reaching $1.10, and net income increased by 22% year-over-year to record $3.2 billion.

Commenting on the business results, Oracle’s CEO Safra Catz stated that the record demand for artificial intelligence had boosted the company's cloud infrastructure revenue by 52% in the second quarterly period, the highest rate compared to competitors.

In pre-market trading, Oracle's shares (NYSE: ORCL) recorded a significant decline of about 7.78%, losing approximately $14.8 in value, bringing the share price down to $175.63.