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HomeBusinessSalesforce Shares Surge 11 percent on Better Than Expected Q4 & Outlook

Salesforce Shares Surge 11 percent on Better Than Expected Q4 & Outlook

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Salesforce (NYSE:CRM) shares soared more than 11% today after the company reported its Q4 results, with EPS of $1.68 beating the Street estimate of $1.36. Revenue of $8.38 billion also came in better than the Street estimate of $8 billion.
The company anticipates Q1/24 EPS to be in the range of $1.60-$1.61, compared to the Street estimate of $1.32, and revenue in the range of $8.16-8.18 billion, compared to the Street estimate of $8.05 billion.
For the full 2024 year, the company expects EPS of $7.12-$7.14, compared to the Street estimate of $5.84, and revenue of $34.5-34.7 billion, compared to the Street estimate of $34.03 billion.

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