Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct. 31, beating Wall Street expectations on earnings and sales. But shares fell over 6% in extended trading after earnings guidance for the fourth quarter fell short of expectations.
Salesforce also named current President and COO Bret Taylor to be co-CEO alongside current CEO Marc Benioff. Benioff said in a statement that Taylor would help lead the company through “the next chapter.”
Salesforce stock fell over 6% in extended trading.
Here’s how the company did versus Refinitiv consensus expectations:
- Earnings: $1.27 per share, adjusted, vs. 92 cents per share expected, up 27% year-over-year.
- Revenue: $6.86…