Salesforce's share price is up nearly 12% after falling short of earnings expectations and beating Wall Street's revenue forecast, according to Barron's.
CRM's Q3 earnings reflect the benefits of resilient demand for its solution amid macroeconomic uncertainties and cost-restructuring initiatives.
Gene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Salesforce's Q3 results, the rise of digital labor via AI agents, Amazon's new AI model, and more.
Salesforce shares surged over 10% post-earnings, driven by excitement around Agentforce despite decelerating revenue growth and plateauing margins. The company has significantly improved operating margins from 2% in 2021 to over 20%, but growth is slowing, especially in North America. Agentforce, a new AI-driven product, is seen as a potential game-changer, though its impact and differentiation remain uncertain.
While its overall gains in 2024 are nothing to scoff at, Salesforce (NYSE: CRM) stock made its biggest moves of the year in the extended session between Tuesday, December 3, and Wednesday, December 4.
Salesforce stock (NYSE: CRM) is up over 10% in after-hours trading on December 3, 2024, after the company reported an upbeat quarter and outlook. It reported sales of $9.4 billion and adjusted earnings of $2.41 per share (including a loss of $0.18 per share from strategic investments), compared to the consensus estimates of $9.3 billion and $2.44, respectively.
Salesforce CEO Marc Benioff, joins 'Mad Money' host Jim Cramer to talk its earnings beat, using AI agents and digital jobs and more.
Salesforce, Inc. (NYSE:CRM ) Q3 2025 Earnings Conference Call December 3, 2024 5:00 PM ET Company Participants Michael Spencer - Executive Vice President of Finance and Strategy and Investor Relations Marc Benioff - Chair, Chief Executive Officer and Co-Founder Brian Millham - President and Chief Operating Officer Amy Weaver - President and Chief Financial Officer Conference Call Participants Brent Thill - Jefferies Keith Weiss - Morgan Stanley Raimo Lenschow - Barclays Brad Zelnick - Deutsche Bank Brent Bracelin - Piper Sandler Kirk Materne - Evercore ISI Operator Welcome to Salesforce's Fiscal 2025 Third Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise.
The S&P 500 and Nasdaq continue to post new all-time closing highs.
The headline numbers for Salesforce.com (CRM) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Salesforce.com (CRM) came out with quarterly earnings of $2.41 per share, missing the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.11 per share a year ago.
Dan Ives, Wedbush global head of technology research, joins 'Closing Bell: Overtime' to discuss Salesforce after the financial company reported earnings