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After-hours buzz: ORCL, P & more

Traders on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters
Traders on the floor of the New York Stock Exchange.

Check out the companies making headlines after the bell on Thursday:

Oracle — The business software company reported fiscal first-quarter earnings that missed on both the top and bottom line. Adjusted quarterly earnings of 55 cents a share missed expectations of 58 cents, while revenue of $8.61 billion missed forecasts for $8.70 billion. Shares were more than 2 percent lower in after-hours trade.

Novavax — Shares plunged more than 80 percent in after-hours trade in heavy volume after the clinical-stage vaccine company said a trial for a respiratory disease vaccine did not meet key objectives and did not demonstrate that the vaccine was effective.

Pandora — The music streaming company announced late Thursday a direct licensing agreement with Warner Music for recorded music. Earlier in the day, Pandora said it will launch a $4.99 a month subscription service that puts it in competition with the on-demand subscription plans from Spotify and Apple Music. Shares were more than 1.5 percent higher in after-hours trade.