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

Tiger Newspress2021-12-01

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.

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评论10

  • Dcagency
    ·2021-12-01
    It’s funny while company is still doing well but missed earning estimates dropped in share price while company that still making losses but lesser losses share price goes up! It’sa not so logical world [LOL] [LOL] 
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  • CookieMon12
    ·2021-12-01
    Oh no [Cry] 
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  • Yamazaki月
    ·2021-12-01
    Like pls thanks
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  • CL777
    ·2021-12-01
     Back to $250
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  • seojun
    ·2021-12-01
    Oh dear....
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  • Jialatsia
    ·2021-12-01
    Meep
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  • 987ce65
    ·2021-12-01
    Great ariticle, would you like to share it?
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  • WilliamFish
    ·2021-12-01
    O
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    收起
    • seojun
      oh my
      2021-12-01
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    • WilliamFish
      o
      2021-12-01
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  • Andrewinho
    ·2021-12-01
    Undervalue stock!!! 😱😱😱
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    收起
    • seojun
      !!!
      2021-12-01
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  • PBL170
    ·2021-12-01
    Ok
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