Investing.com - Salesforce.com reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.75 on revenue of $4.51B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $4.45B. That compared to EPS of $0.61 on revenue of $3.39B in the same period a year earlier. The company had reported EPS of $0.66 on revenue of $4B in the previous quarter.
Salesforce.com shares lost 1.64% to trade at $159.00 in after-hours trade following the report.
For the year, Salesforce.com shares are up 18.02%, under-performing the S&P 500 which is up 24.89% year to date.
Salesforce.com follows other major Technology sector earnings this month
On Wednesday, November 13, 2019, Cisco reported first quarter EPS of $0.84 on revenue of $13.16B, compared to forecasts of EPS of $0.81 on revenue of $13.08B.
NVIDIA earnings beat analyst's expectations on Thursday, November 14, 2019, with third quarter EPS of $1.78 on revenue of $3.01B. Investing.com analysts expected EPS of $1.58 on revenue of $2.92B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar