Salesforce's stock is up 7% after beating Wall Street's expectations
Salesforce's stock popped 7% in after market trading Thursday after the cloud software company topped Wall Street expectations and delivered a rosy forecast for the current quarter.
Here's what Salesforce reported:
- EPS (adjusted): $0.66. Analysts forecasted $0.47.
- Revenue: $4 billion. Wall Street expected $3.95 billion.
- EPS (next quarter): $0.65 to $0.66. Analysts predicted $0.61.
- Revenue (next quarter):$4.44 billion to $4.45 billion. Wall Street expected $4.25 billion.