Salesforce.com Inc. CRM, -3.66% shares fell more than 3% in the extended session Monday after the software company beat earnings and revenue expectations.
The company reported fiscal fourth-quarter net income of $362 million, or 46 cents a share, compared with $206 million, or 28 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and tax effects, among other items, earnings were 70 cents a share. Revenue rose to $3.6 billion from $2.87 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 55 cents a share on revenue of $3.56 billion.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J.C. Penney's stock soars after earnings, revenue beats, to close more stores in 2019
Read more »
Square stock falls after mixed outlook overshadows earnings beat
Read more »
Salesforce shares slide on disappointing earnings and revenue forecastSalesforce beat expectations for its fiscal fourth quarter, but its guidance for the next quarter was below what analysts were anticipating.
Read more »
Papa John's stock rises despite earnings, revenue missPapa John's shares rose in extended trading after the company missed on earnings and revenue.
Read more »
GW Pharmaceuticals stock rises after earnings beat
Read more »
Palo Alto Networks stock rallies after big earnings beat
Read more »
UPDATE: AutoZone stock up 8% premarket after earnings beat
Read more »
Tech stocks take a beating after hours on disappointing earnings reportsBox, HP, Square, Fitbit and Elastic are among the technology companies that declined after reporting earnings on Wednesday.
Read more »
Zscaler, Splunk stocks eye new records after earnings beats, analyst price hikes
Read more »
Booking stock falls after revenue miss, weak guidance
Read more »