Salesforce Stock Surges On Q2 Earnings, Benioff Says Company Leading Customers Into 'New AI Era'
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) reported Q2 earnings that beat analyst estimates, with revenue increasing 11% YoY to $8.6 billion and earnings of $2.12 per share. The company also raised its full-year revenue guidance to a range of $34.7 billion to $34.8 billion. Salesforce shares were up 7.05% in after-hours trading.
August 30, 2023 | 8:25 pm
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POSITIVE IMPACT
Salesforce's better-than-expected Q2 results and raised full-year guidance could lead to a positive short-term impact on its stock.
Salesforce's Q2 earnings beat and raised full-year guidance indicate strong performance and positive outlook, which are likely to be viewed favorably by investors and could drive the stock price up in the short term.
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