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Salesforce.com Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. Quarterly Revenue Beat at Salesforce.com

Salesforce.com (NYSE 🙂 announced Tuesday that the third quarter beat analyst forecasts with revenue exceeding expectations.

Salesforce.com posted earnings per share (EPS) of $1.27 for revenue $6.86B. Investing.com polled analyst to predict EPS of $0.9219 based on $6.8B revenue.

The shares of Salesforce.com are up 28.25% over the beginning of this year but still down 8.45% from their 52 week high, $311.75 on November 9. The shares are performing better than the Dow Jones, which has risen 12.67% since the beginning of the year.

After-hours trading on Salesforce.com lost 5.4% following the news.

This month, Salesforce.com is following other important earnings in the Information Technology sector

Salesforce.com reported its earnings beating by NVIDIA, who on November 17 reported an EPS increase of $1.17 for revenue $7.1B. Forecasts were for an EPS rise of $1.11 to revenue $6.82B.

Cisco exceeded expectations by beating forecasts on November 17, with first quarterEPS of $0.82 on revenue $12.9B. This compares to the $0.8042 expected on revenue $12.98B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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