Salesforce Shares Are Sliding After The Bell: What's Going On?
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) reported Q1 revenue of $8.25 billion, beating estimates of $8.18 billion, and EPS of $1.69, surpassing estimates of $1.61. Despite the positive results, Salesforce shares are trading lower in after-hours session. The company also raised its full-year operating margin guidance.
May 31, 2023 | 8:30 pm
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Salesforce beats Q1 estimates, but shares trade lower in after-hours session. Company raises full-year operating margin guidance.
Salesforce reported better-than-expected Q1 results and raised its full-year operating margin guidance. However, the stock is trading lower in the after-hours session, indicating a negative short-term impact on the stock price. The reason for the decline could be due to profit-taking or concerns about the company's outlook.
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