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Salesforce shares pop on earnings beat and optimistic forecast - TL;DR CNBC

Salesforce shares pop on earnings beat and optimistic forecast

Publishing timestamp: 2023-08-31 10:40:00


Summary

Salesforce's quarterly results and guidance exceeded analysts' expectations, leading to a 6% jump in the company's shares. The company reported earnings of $2.12 per share and revenue of $8.60 billion, both higher than expected. However, Salesforce's growth is being pressured by the uncertain economy, with softness in the US and industries like technology, retail, and consumer goods. Despite these challenges, Salesforce sees expansion ahead through artificial intelligence and has lifted its full-year forecast. The company's shares have climbed 62% this year.


Sentiment: MIXED

Tickers: CRM

Keywords: businesstechnologybusiness newsbreaking news: earningsenterprisemarc benioffearningssalesforce incbreaking news: technology

Source: https://www.cnbc.com/2023/08/30/salesforce-shares-pop-on-earnings-beat-and-optimistic-forecast.html


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