Stock Groups

Salesforce.com Earnings, Revenue Beat in Q3 -Breaking


© 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

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by market makers. As such, they may be incorrect and different from market prices. This means that prices cannot be used to trade. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.