Earnings

Salesforce (CRM) Q3 2022 earnings

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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…



Source cnbc.com

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