Salesforce Stock Drops as Outlook Disappoints

Group 1 - Salesforce reported fiscal fourth-quarter revenue of $9.99 billion, an 8% year-over-year growth, which was slightly below analyst expectations [1] - Adjusted earnings per share for the fourth quarter were $1.75, compared to $1.74 a year earlier, but missed estimates [1] - Shares of Salesforce fell about 5% in extended trading following the earnings report, and have lost approximately 8% since the beginning of the year [3] Group 2 - For fiscal 2026, Salesforce projected full-year revenue between $40.5 billion and $40.9 billion, and adjusted EPS between $11.09 and $11.17, both below analyst consensus [2] - The analyst consensus for revenue was $41.32 billion and for EPS was $11.19 [2] - Salesforce announced that former Gilead Sciences CFO Robin Washington will join the company as chief operating and financial officer on March 21 [2]