Salesforce Trades Down On Underwhelming Q2 Guidance

Salesforce Trades Down On Underwhelming Q2 Guidance

Photo courtesy of Salesforce. 

Salesforce.com CRM reported quarterly earnings of 70 cents per share on Thursday, beating the consensus analyst estimate by a penny.

This is a 6.06% increase over earnings of 66 cents per share from the same period last year.

The company reported quarterly sales of $4.87 billion, which beat the analyst consensus estimate of $4.85 billion by 0.41%. This is a 30.32% increase over sales of $3.74 billion the same period last year.

Salesforce.com guided to second-quarter adjusted EPS of 66-67 cents against a 75-cent estimate and sales of $4.89 billion-$4.9 billion versus a $5.05-billion estimate.

Salesforce shares were trading down 2.55% at $181.10 in Thursday’s after-hours session. The stock has a 52-week high of $195.72 and a 52-week low of $115.29.

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