- Joseph K
Salesforce declines after light guidance
Salesforce shares fell as much as 3% after the company reported fiscal first-quarter earnings on Thursday. Here’s how the company did: Earnings: 70 cents per share, adjusted Revenue: $4.87 billion The company’s revenue grew 30% from the year-ago quarter, according to a statement. Analysts polled by Refinitiv had expected 69 cents in adjusted earnings per share on $4.85 billion in revenue. Comparing results with estimates is not straightforward given the coronavirus pandemic shut down many businesses during the quarter. The company’s fiscal first quarter ended Apr. 30.