Salesforce fell nearly 6% in extended trading as its Q4 EPS guidance missed estimates

Salesforce fell nearly 6% in extended trading as itsQ4 EPSguidance missed estimates.It reported a fiscal third-quarter profit of $468 million, or 47 cents a share, on sales of $6.86 billion, up from $5.42 billion a year ago. After accounting for stock-based compensation and other effects, the cloud-software company reported earnings of $1.27 a share, a decline from adjusted earnings of $1.72 a share in the year-ago quarter but well ahead of estimates.

Analysts on average expected adjusted earnings of 92 cents a share on sales of $6.8 billion, according to FactSet.

For the fiscal fourth quarter, Salesforce projected adjusted earnings of 72 cents to 73 cents a share on sales of $7.22 billion to $7.23 billion. Analysts on average were expecting earnings of 82 cents a share on sales of $7.24 billion, according to FactSet.

Salesforce raised its full-year expectations, just as it did in its first-quarter and second-quarter reports; management now expects full-year revenue of $26.39 billion to $26.4 billion and adjusted earnings of $4.68 to $4.69 a share, after projecting earnings of $4.36 to $4.38 a share on sales of $26.25 billion to $26.35 billion three months prior.