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Salesforce's stock is up 7% after beating Wall Street's expectations (CRM)
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Salesforce's stock popped 7% in after market trading Thursday after the cloud software company topped Wall Street expectations and delivered a rosy forecast for the current quarter.
Here's what Salesforce reported:
- EPS (adjusted):$0.66. Analysts forecasted $0.47.
- Revenue: $4 billion. Wall Street expected $3.95 billion.
- EPS (next quarter):$0.65 to $0.66. Analysts predicted $0.61.
- Revenue (next quarter):$4.44 billion to $4.45 billion. Wall Street expected $4.25 billion.
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