Salesforce Trades Down On Underwhelming Q2 Guidance

Salesforce.com CRM reported quarterly earnings of 70 cents per share on Thursday, beating the consensus analyst estimate by a penny.

This is a 6.06% increase over earnings of 66 cents per share from the same period last year.

The company reported quarterly sales of $4.87 billion, which beat the analyst consensus estimate of $4.85 billion by 0.41%. This is a 30.32% increase over sales of $3.74 billion the same period last year.

Salesforce.com guided to second-quarter adjusted EPS of 66-67 cents against a 75-cent estimate and sales of $4.89 billion-$4.9 billion versus a $5.05-billion estimate.

Salesforce shares were trading down 2.55% at $181.10 in Thursday’s after-hours session. The stock has a 52-week high of $195.72 and a 52-week low of $115.29.

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Photo courtesy of Salesforce.