Salesforce reports upbeat annual guidance after mixed Q3 results

Investing.com -- Salesforce reported upbeat annual guidance Tuesday following mixed third-quarter results as earnings fell short of Wall Street estimates.

Salesforce Inc (NYSE:CRM ) shares gained 4% in after-hours trade following the report.

Salesforce.com reported Q3 adjusted EPS of $2.41 on revenue of $9.44 billion. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $9.35B.

For Q4, Salesforce guided adjusted EPS in a range of $2.57 to $2.62 on revenue in the range of $9.90B to $10.10B. 

Looking to fiscal 2025  the company sees adjusted EPS in a range of $9.98 to $10.03 and raised the low end of its revenue guidance to $37.8B to $38.0B, compared with a prior estimate of between $37.7B to $38.0B.  

The company also raised its full-year operating margin guidance to 19.8% from 19.7% previously.   

 

Source: Investing.com