FMP
May 30, 2024 12:29 PM - Davit Kirakosyan
Salesforce (NYSE:CRM) shares fell more than 15% in pre-market today after the company reported guidance for the current quarter that fell significantly short of analyst expectations, overshadowing its fiscal first-quarter earnings, which had surpassed Wall Street forecasts.
For the fiscal second quarter, Salesforce expects adjusted EPS to be between $2.44 and $2.36, with revenue ranging from $9.20 billion to $9.25 billion, both below Wall Street estimates of $2.40 EPS and $9.34 billion in revenue.
For Q1, Salesforce posted an adjusted EPS of $2.44 on revenue of $9.13 billion, compared to the analysts' predictions of $2.37 EPS on $9.15 billion in revenue. Subscription and support revenues for the quarter were $8.59 billion, marking a 12% increase year-over-year. Professional services and other revenues reached $600 million, a 3% year-over-year increase.
For the full fiscal year 2024, Salesforce maintained its revenue guidance between $37.7 billion and $38.0 billion and adjusted earnings per share in the range of $9.86 to $9.94.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...