Salesforce Sees Q2 Adj. EPS $2.34-$2.36 vs $2.40 Est.; Revenue $9.20B-$9.25B vs $9.34B Est.
Portfolio Pulse from Benzinga Newsdesk
Salesforce has provided its Q2 adjusted EPS guidance of $2.34-$2.36, which is below the estimated $2.40. Additionally, the company expects revenue between $9.20 billion and $9.25 billion, also below the estimated $9.34 billion.
May 29, 2024 | 8:03 pm
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Salesforce's Q2 guidance for adjusted EPS and revenue both fall short of analyst estimates, which could negatively impact the stock price in the short term.
The lower-than-expected guidance for both EPS and revenue suggests that Salesforce may face challenges in meeting market expectations, which typically results in a negative short-term reaction from investors.
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