Salesforce sinks after second quarter earnings announcement
Aug 23, 2017, 01:47 IST
Salesforce reported its Q2 earnings for fiscal year 2018 on Tuesday.
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The company reported:
- Revenues (GAAP) - $2.56 billion in revenues compared to analyst estimates of $2.51 billion.
- Earnings per share (adjusted) - $0.33 earnings per share, compared to analyst estimates of $0.32.
Despite the beat on the top and bottom lines, Salesforce's stock was off nearly 3% to $90.19 a share in recent after-hours trading.