salesforce(US:CRM) Benzinga·2025-12-04 14:41Core Insights - Salesforce Inc. reported third-quarter earnings that exceeded expectations, with adjusted earnings of $3.25 per share compared to the expected $2.86 per share, while revenue was slightly below consensus estimates at $10.26 billion versus $10.27 billion [1][2] Financial Performance - Third-quarter revenue was $10.26 billion, narrowly missing the consensus estimate of $10.27 billion [1] - Adjusted earnings for the third quarter were $3.25 per share, significantly above the expected $2.86 per share [1] - Fourth-quarter revenue is projected to be between $11.13 billion and $11.23 billion, exceeding estimates of $10.90 billion [2] - Fourth-quarter adjusted earnings are anticipated to be between $3.02 and $3.04 per share, aligning closely with estimates of $3.04 per share [2] Guidance Updates - Fiscal 2026 revenue guidance was raised to a range of $41.45 billion to $41.55 billion, surpassing previous estimates of $41.25 billion [3] - Full-year adjusted earnings guidance was increased to a range of $11.75 to $11.77 per share, compared to earlier estimates of $11.37 per share [3] Market Reaction - Following the earnings announcement, Salesforce shares increased by 1.2%, trading at $241.38 [3] Analyst Ratings and Price Targets - Citizens analyst maintained a Market Outperform rating but lowered the price target from $430 to $405 [5] - Baird analyst kept an Outperform rating while reducing the price target from $325 to $315 [5] - BMO Capital analyst also maintained an Outperform rating, cutting the price target from $280 to $275 [5]