Earnings Beat Not Enough as Salesforce Shares Plummet

Salesforce Inc (NYSE: CRM) shares were last seen down at 7.9% to trade at 236.23, even after the company topped second-quarter estimates with $10.24 billion in revenue and earnings of $2.91 per share. Despite the impressive numbers, a lower-than-expected revenue guidance for Salesforce's next quarter is dispelling confidence. Sluggish growth despite heavy AI investment is also spelling trouble for the cloud-based blue-chip.Should CRM's losses hold, it will mark the stock's fifth drop in its last six session ...