Salesforce shares pop on earnings beat and optimistic forecast

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Salesforce saw gains in all five product categories, and CEO Marc Benioff sees more growth from artificial intelligence capabilities

Salesforce's results and guidance came in stronger than analysts had predicted.

shares jumped 6% in extended trading on Wednesday after the cloud software company announced quarterly results and guidance that surpassed Wall Street's expectations.$2.12 per share, adjusted, vs. $1.90 per share as expected by analysts, according to Refinitiv.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

 

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Salesforce is on the AI train, but that won’t guarantee blowout earningsSalesforce is expected to highlight its AI products in its earnings report, but analysts caution that business spending hasn't been as robust as expected.
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