Salesforce.com Earnings, Revenue Beat in Q1
2022.05.31 23:15
Salesforce.com Earnings, Revenue Beat in Q1
Investing.com – Salesforce.com (NYSE:CRM) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.98 on revenue of $7.41B. Analysts polled by Investing.com anticipated EPS of $0.9444 on revenue of $7.38B.
Salesforce.com shares are down 36.53% from the beginning of the year, still down 48.26% from its 52 week high of $311.75 set on November 9, 2021. They are under-performing the S&P 500 which is down 13.21% from the start of the year.
Salesforce.com shares lost 3.27% in after-hours trade following the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com’s report follows an earnings beat by NVIDIA on May 25, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
