Tech stocks: Oracle shares plunge

Brett Molina | USA TODAY

It's a rough morning for business software giant Oracle. Let's look at the tech stocks to watch Friday.

Oracle sinking. Shares of the Calif.-based company are down 7% in pre-market trading after its disappointing fourth-quarter earnings report.

Oracle earned $3.8 billion last quarter, or 80 cents a share, which fell below Wall Street expectations. The company pulled in $10.9 billion in revenue, unchanged from the same time last year.

Oracle also revealed it's leaving the Nasdaq in favor of the New York Stock Exchange. Shares will start trading on the NYSE on July 15.

GameStop shares still climbing. The video game retailer's stock is up 1.3% as it continues to reap the benefits of Microsoft's decision to reverse policies tied to Xbox One.

Former policies would have restricted how Xbox One owners could use their games after purchase. The console previously required online checks every 24 hours for players to enjoy games offline.

On Thursday, GameStop shares finished up 6.25%.

Follow Brett Molina on Twitter: @bam923.