Oracle shares dive after severe third-quarter miss; analysts cut views

SAN FRANCISCO (Reuters) - Oracle Corp's shares sank more than 8 percent on Thursday a day after the company reported sharply disappointing third-quarter new software revenue, which it blamed on poor sales execution The severe miss, reported after the market close on Wednesday, triggered a series of price-target cuts from Wall Street. The stock was on track for its largest single-day loss since December 2011, when it also reported disappointing quarterly results. The shares were down 8.2 percent at $32.83 at midday. Credit Agricole reduced its rating on Oracle, the world's No. ...

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