Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Salesforce reported its Q1 earnings with an EPS of $2.44, beating expectations of $2.37, but revenue of $9.13B missed the $9.15B estimate. The stock plunged around 16-18% in after-hours trading as the company provided a weak outlook for the next quarter, with Q2 adjusted EPS and sales below estimates.
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm https://t.co/nO8S9TopAw https://t.co/owAHmvf8hk
$CRM Salesforce is on pace for its worst day since 2004... Stock is down 21% after disappointing earnings yesterday Its worst trading day EVER was July 4, 2004, when shares fell 27% Hide the pain $CRM bulls... https://t.co/iwIEjs1Iv6
Shares of Salesforce $CRM are currently on pace for its worst day since 2004 https://t.co/ihuGOzM6pv