Company news: Salesforce (CRM) posts mixed quarterly results

Salesforce (CRM) reported Q3 FY2024 earnings of $2.41 per share (versus $2.11 per share in Q3 FY2023), missing analysts’ consensus estimate of $2.44 per share.

The company’s quarterly revenues amounted to $9.444 bln (+8.3% y/y), beating analysts’ consensus estimate of $9.350 bln.

The company also issued guidance for Q4 FY2024, seeing EPS of $2.57-2.62 versus analysts’ consensus estimate of $2.66 and revenues of $9.90-10.10 bln versus analysts’ consensus estimate of $10.05 bln.

CRM rose to $375.86 (+13.41%) in pre-market trading.

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