Salesforce Stock Dives On Q1 Earnings: Revenue Miss, EPS Beat, Weak Guidance And More
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) reported Q1 earnings with a revenue miss but an EPS beat. The company provided weak guidance for Q2, leading to a 14.22% drop in after-hours trading.
May 29, 2024 | 8:19 pm
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Salesforce reported Q1 revenue of $9.13 billion, missing estimates, but beat EPS expectations with $2.44 per share. The company provided weak Q2 guidance, leading to a 14.22% drop in after-hours trading.
The revenue miss and weak Q2 guidance overshadowed the EPS beat, leading to a significant drop in share price. Investors are likely concerned about the company's future performance.
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