Salesforce Inc (CRM)
After revenue miss, Salesforce CEO details the 'measured' buying environment for enterprise software companies
After Salesforce posted its first revenue miss since 2006, CEO Marc Benioff told CNBC's Jim Cramer how the market for enterprise software companies has changed since the pandemic. "You can't control the buying environment.
Interest Rate Fears Turn Markets Downward
Wednesday, May 29th, 2024 Bond yields kept moving precariously higher today. This is a major reason for today's big selloff in the equities markets, just a day removed from the Nasdaq notching another all-time closing high.
Here's What Key Metrics Tell Us About Salesforce.com (CRM) Q1 Earnings
The headline numbers for Salesforce.com (CRM) give insight into how the company performed in the quarter ended April 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) Q1 Earnings Top Estimates
Salesforce.com (CRM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $1.69 per share a year ago.
Salesforce Stock Tanks On Weak Guidance Amid Hopes For Artificial Intelligence Boost
Salesforce reported Q1 earnings that topped estimates while revenue missed. July quarter revenue guidance came in well below expectations.
Salesforce shares plunge on revenue miss, weak forecast
Salesforce's quarterly forecast fell short of expectations. Revenue grew 11% from a year earlier, missing estimates.
Salesforce's earnings outlook comes in light, and the stock is tumbling
Salesforce Inc. came up short with its quarterly revenue guidance, sending its shares sliding 13% in Wednesday's after-hours trading.
Salesforce Q1 revenue jumps 11%: stock is still taking a hit
Salesforce Inc (NYSE: CRM) is slipping in extended trading on Wednesday even though it reported better-than-expected EPS for its first financial quarter. This is a developing story.
Salesforce forecasts second-quarter revenue below estimates
Salesforce forecast second-quarter revenue below Wall Street expectations on Wednesday, on weak client spending on its cloud and enterprise business products in an uncertain economy, sending its shares down 9% in extended trading.
Nvidia Continues Its Run While Salesforce Reports Earnings After The Close
Stocks came into the holiday shortened weak on a hot streak. Both the S&P 500 and Nasdaq Composite have notched five consecutive weeks of gains, putting May on pace to be the best month of 2024. Although Tuesday was relatively quiet, with the Nasdaq gaining 0.6%. Meantime, the S&P 500 was flat on the day but is still up over 5% this month and 11% for the year.
Earnings Preview: What To Expect From Salesforce
Salesforce Salesforce .com is scheduled to report earnings after Wednesday's close. The stock hit a record high near $318.71/share in 2024 and, before Wednesday's open, it was trading near $269.
Expectations Are Low as Salesforce Prepares to Report Earnings
Analysts predict the enterprise software company will show revenue growth of about 11%.
