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Options Pits Pop on Salesforce Beat-and-Raise
Schaeffers Investment Research· 2024-08-29 14:16
Shares of cloud software specialist Salesforce Inc (NYSE:CRM) are 1.3% higher at $262.25 at last glance, pulling back from its open around the $271 mark, after posting better-than-expected earnings and revenue figures for the second quarter. In addition, the firm hiked its full-year outlook, and announced the departure of CFO Amy Weaver.Options traders are attacking CRM in response. So far, 31,000 calls and 26,000 puts have been exchanged, which is already 9 times the average daily volume. The weekly 8/30 2 ...
CRM INVESTIGATION ALERT: Suffer Losses on Your Salesforce, Inc. Investment? Contact BFA Law about the Potential Class Action Lawsuit for Securities Fraud (NYSE:CRM)
GlobeNewswire News Room· 2024-08-29 13:07
NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Salesforce, Inc. (NYSE:CRM) for potential violations of the federal securities laws. If you invested in Salesforce, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/salesforce-inc. Why Did Salesforce’s Stock Drop? On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 b ...
Watch These Salesforce Price Levels as Stock Jumps After Strong Earnings
Investopedia· 2024-08-29 12:56
Key TakeawaysSalesforce shares jumped in premarket trading Thursday after the enterprise software company reported better-than-expected second-quarter results and lifted its full-year profit outlook, as customers increased spending on its suite of cloud products. Thursday’s projected earnings pop positions the stock for a decisive breakout above the top trendline of a symmetrical triangle, potentially marking the start of a new trend higher.Amid post-earnings buying in Salesforce shares, investors should mo ...
Salesforce Beats Earnings, Raises Full-Year Profit Outlook
MarketBeat· 2024-08-29 12:55
Salesforce NYSE: CRM is a leading cloud software and technical sector player. Salesforce’s earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, and the results topped Salesforce’s analyst community’s expectations, sending Salesforce stock higher in after-hours trading. The company exceeded revenue and earnings per share (EPS) estimates and, most importantly, maintained its full-year revenue outlook, a positive development that boosted investor confidence.The report a ...
salesforce(CRM) - 2025 Q2 - Earnings Call Transcript
2024-08-29 01:55
Salesforce, Inc. (NYSE:CRM) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Mike Spencer - EVP, Finance and Strategy, IR Marc Benioff - Chair and CEO Amy Weaver - President and CFO Brian Millham - President and COO Sabastian Niles - General Counsel Conference Call Participants Keith Weiss - Morgan Stanley Kash Rangan - Goldman Sachs Kirk Materne - Evercore ISI Brent Bill - Jefferies Operator Welcome to Salesforce's Fiscal 2025 Second Quarter Results Conference Call. [Operat ...
Salesforce Raises Full-Year Profit Outlook
The Motley Fool· 2024-08-28 23:26
Salesforce's fiscal 2025 second-quarter results came in ahead of management guidance on several financial metrics.Customer relationship management specialist Salesforce (CRM -2.01%) reported fiscal 2025 second-quarter financial results on Wednesday that showed solid growth across multiple metrics. Second quarter revenue of $9.33 billion rose 8% year over year and exceeded internal guidance. Earnings per share (EPS) of $1.47 also topped management expectations. Overall, Salesforce's quarter (which ended July ...
Compared to Estimates, Salesforce.com (CRM) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-28 23:01
Salesforce.com (CRM) reported $9.33 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 8.4%. EPS of $2.56 for the same period compares to $2.12 a year ago.The reported revenue represents a surprise of +1.04% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $2.35, the EPS surprise was +8.94%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
salesforce(CRM) - 2025 Q2 - Quarterly Report
2024-08-28 22:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . | --- | |-------------------------------------------------------------| | | | Commission File Number: 001-32224 | | Salesforce, Inc. | | (Exact name of Re ...
Salesforce.com (CRM) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-28 22:16
Salesforce.com (CRM) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.94%. A quarter ago, it was expected that this customer-management software developer would post earnings of $2.38 per share when it actually produced earnings of $2.44, delivering a surprise of 2.52%.Over the last ...
Salesforce Stock Jumps on Second-Quarter Earnings Surprise
Investopedia· 2024-08-28 21:15
Key TakeawaysSalesforce's second-quarter results topped the analyst consensus on both net income and revenue.The cloud software company maintained its full-year revenue guidance and raised its EPS guidance by 1 cent.CEO Mark Benioff in a press release lauded the company's AI offerings. Salesforce (CRM) delivered second-quarter results that beat expectations on the top and bottom lines and maintained its full-year guidance, sending the company's shares higher in late action. The cloud software company poste ...