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Salesforce: Fiscal Q2 Earnings Snapshot
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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Salesforce, Inc. (CRM) on Wednesday reported fiscal second-quarter earnings of $3.53 billion.

On a per-share basis, the San Francisco-based company said it had profit of $4.29. Earnings, adjusted for stock option expense and amortization costs, were $5.90 per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.

The customer-management software developer posted revenue of $11.35 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $11.32 billion.

For the current quarter ending in October, Salesforce expects its per-share earnings to range from $3.42 to $3.44.

The company said it expects revenue in the range of $11.42 billion to $11.5 billion for the fiscal third quarter.

Salesforce expects full-year earnings in the range of $16.67 to $16.71 per share, with revenue ranging from $46.1 billion to $46.4 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRM at https://www.zacks.com/ap/CRM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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