Feb 28, 09:17 PM
Salesforce Beats Revenue and EPS Estimates, Initiates Dividend and Share Repurchase; FY25 Guidance Provided, Stock Slips 4%
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Salesforce reported strong Q4 earnings, beating revenue and EPS estimates. The company initiated a quarterly dividend, increased share repurchase authorization by $10 billion, and provided guidance for FY25. Despite the positive earnings, the stock slipped 4% due to disappointing guidance.
Written with ChatGPT (GPT-3).
Sources
Kourosh"The dividends for Salesforce $CRM also represent a nod to investors that large-scale M&A is unlikely in the near-future."
Cory Johnson ⚡️Salesforce earnings: where one business is quietly growing better than all the rest. 🧐💰 https://t.co/5gE9VdwXYv $CRM 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
- Cory Johnson ⚡️
Salesforce earnings breakdown: Snapshots of slowing growth. 📸💰 https://t.co/j6wHURGqcM $CRM 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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