Salesforce Q1 Sales $9.130B Miss $9.147B Estimate
Portfolio Pulse from Benzinga Newsdesk
Salesforce reported Q1 sales of $9.130 billion, missing the analyst consensus estimate of $9.147 billion by 0.19%. Despite the miss, sales increased by 10.71% compared to the same period last year.
May 29, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Salesforce reported Q1 sales of $9.130 billion, missing the analyst consensus estimate of $9.147 billion by 0.19%. Despite the miss, sales increased by 10.71% compared to the same period last year.
The slight miss on the sales estimate by 0.19% is likely to have a neutral short-term impact on Salesforce's stock price. However, the 10.71% year-over-year increase in sales is a positive indicator of growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100