salesforce.com (CRM) PT Lowered to $180 at UBS
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Salesforce Drops on Mixed Earnings, Analyst Says LT Narrative is 'Bent, Not Broken'
August 25, 2022 6:32 AM EDTShares of Salesforce (NYSE: CRM) are down over 6% after the software company reported mixed Q2 results and guidance for the third quarter and full fiscal year.
Salesforce reported an adjusted EPS of $1.19 on sales of $7.72 billion while analysts were looking for an EPS of $1.03 on revenue of $7.69 billion. CRM also reported that its subscription and support revenue grew 21% YoY to $7.14 billion, slightly below the consensus of $7.19 billion.
For this quarter, Salesforce expects to see revenue between $7.82 billion and $7.83 billion, lower... More
