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Salesforce's Outlook Sends Shares Lower

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Salesforce's Outlook Sends Shares Lower
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Salesforce.com, inc. (NYSE: CRM) is moving after hours following a positive fourth quarter report. Revenues were up 27 percent year-over-year in the fourth quarter.

  • Salesforce reports Q4 Adj. EPS of $0.28, beating by $0.03
  • Sales came in at $2.29 billion, beating by $10 million
  • Sees Q1'18 Adj. EPS $0.25-$0.26 vs $0.30 Est., Sales $2.34B-$2.35B vs $2.37B Est.
  • Salesforce Sees FY18 Adj. EPS $1.27-$1.29 vs $1.28 Est., Sales $10.15B-$10.2B vs $10.15B Est.

Salesforce Chairman and CEO Marc Benioff was upbeat following the positive announcement .

"Salesforce continues to deliver incredible innovation and unprecedented customer success," said Benioff. "We led the industry as the first to bring cloud, social and mobile to CRM, and now with our latest release we are making artificial intelligence available to millions of Salesforce users with Einstein."

After trading up more than 2 percent, the stock was recently down about 1.6 percent at $80.05 in the after-hours session.

Posted-In: Earnings News Guidance After-Hours Center Movers Best of Benzinga

 

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