Salesforce (CRM) shares slide despite topping earnings, revenue expectations
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Salesforce (CRM) Announces Bret Taylor to Step Down as Vice Chair and Co-CEO; Marc Benioff to be Chair and CEO
November 30, 2022 4:08 PM ESTSalesforce (NYSE: CRM) today announced that Bret Taylor will step down as Vice Chair and Co-CEO of Salesforce, effective January 31, 2023. At that point, Marc Benioff will be Chair and CEO of the company.
I am grateful for six fantastic years at... More
Salesforce (CRM) Tops Q3 EPS by 18c, Offers Guidance
November 30, 2022 4:05 PM ESTSalesforce (NYSE: CRM) reported Q3 EPS of $1.40, $0.18 better than the analyst estimate of $1.22. Revenue for the quarter came in at $7.84 billion versus the consensus estimate of $7.83 billion.
GUIDANCE:
Salesforce sees Q4 2023 EPS of $1.35-$1.37, versus the consensus of $1.34. Salesforce sees Q4 2023... More
salesforce.com (CRM) PT Lowered to $210 at Baird
November 29, 2022 6:40 AM ESTBaird analyst Rob Oliver lowered the price target on salesforce.com (NYSE: CRM) to $210.00 (from $230.00) while maintaining a Outperform rating.... More
salesforce.com (CRM) PT Lowered to $200 at KeyBanc
November 29, 2022 3:27 AM ESTKeyBanc analyst Michael Turits lowered the price target on salesforce.com (NYSE: CRM) to $200.00 (from $210.00) while maintaining a Overweight rating.... More