Wednesday, November 28, 2018

Salesforce.com Inc. (CRM)

Salesforce.com Inc. (CRM) shares rose in the extended session Tuesday, following an initial dip, after the customer-relations management software company topped Wall Street estimates for the quarter but its fourth-quarter earnings outlook came up a little short. Salesforce shares rose 5% after hours, following an initial 3% dip. Shares rose 0.9% to close the regular session at $127.54. The company reported third-quarter net income of $105 million, or 13 cents a share, compared with $107 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 61 cents a share. Revenue rose to $3.39 billion from $2.70 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 50 cents a share on revenue of $3.37 billion.

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