Salesforce Drops Slightly After Inline Q3 Results

Investors seem to be slightly disappointed in

inline results. The company reported a Q3 EPS of $0.09 -- exactly what Wall Street anticipated. Earnings per share were up 13 percent from the year-ago period. Revenue arrived at $1.08 billion versus the Street estimate of $1.05 billion. Sales were up 37 percent year-over-year. "Salesforce.com is the first enterprise cloud computing company to deliver a $1 billion quarter, with outstanding third quarter revenue growth at 36%," Marc Benioff, Chairman and CEO of Salesforce.com, said in a

. "Given the strong customer response to our next generation social and mobile cloud technologies, I'm delighted to announce that we expect to deliver our first $5 billion year during our fiscal year 2015." Salesforce expects its fourth quarter EPS to be slightly below Wall Street's estimate of $0.07. The company is projecting an EPS of $0.05 or $0.06. Sales are expected to be inline (or slightly higher) at $1.12 billion or $1.13 billion versus the Street estimate of $1.12 billion. Looking ahead to full-year 2014, Salesforce believes that it will report sales between $4.05 billion and $4.06 billion versus the Street estimate of $4.03 billion. For 2015, Salesforce's full-year sales estimate is between $5.15 billion and $5.20 billion versus the Street estimate of $5.19 billion. Disclosure: