Salesforce.com Earnings, Revenue Beat in Q2
2022.08.24 23:46
Salesforce.com Earnings, Revenue Beat in Q2
Investing.com – Salesforce.com (NYSE:CRM) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $1.19 on revenue of $7.72B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $7.7B.
Salesforce.com shares are down 20% from the beginning of the year, still down 42.06% from its 52 week high of $311.75 set on November 9, 2021. They are under-performing the S&P 500 which is down 13.11% from the start of the year.
Salesforce.com shares lost 5.13% 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 Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
