FMP

FMP

Enter

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

Salesforce Stock Plummets 15% on Guidance Miss

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

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.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep