Investing.com - Salesforce.com (NYSE:CRM) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.93 on revenue of $3.74B. Analysts polled by Investing.com forecast EPS of $0.61 on revenue of $3.68B. That compared to EPS of $0.74 on revenue of $3.01B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $3.6B in the previous quarter.
For the year, Salesforce.com shares are up 10.1%, under-performing the S&P 500 which is up 13.17% year to date.
Salesforce.com follows other major Technology sector earnings this month
On Wednesday, May 15, 2019, Cisco reported third quarter EPS of $0.78 on revenue of $12.96B, compared to forecasts of EPS of $0.77 on revenue of $12.89B.
NVIDIA earnings beat analyst's expectations on Thursday, May 16, 2019, with first quarter EPS of $0.88 on revenue of $2.22B. Investing.com analysts expected EPS of $0.57 on revenue of $2.2B
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