) shares are sinking after Wednesday's market close as the cloud computing company reported mixed first-quarter earnings results. Salesforce posted $9.13 billion in revenue and gains of $2.44 per share . The downward stock pressure is heavily attributed to Salesforce's miss on second-quarter forecasts. The company is raising its full-year outlookThat looks like it has to do with the forecast here.Also the second quarter earnings per share forecast, which should be at most $2.
But folks are focusing on what's going on with that second quarter forecast in terms of how the company did last quarter beat estimates when it comes to earnings per share.Yeah, that'll be the focus point. I, I think it's fair to say a lot, even people who had, you know, folks had a buy on the, on the name, we're not expecting a lot of upside, but clearly, this is disappointing ab about, about the forecast.He's kind of calling off profitable growth trajectory continuing.
But, um, you know, if you can't deliver on what's going on with the sales growth that people are looking for, then the stock gets smacked into the, the stock was basically flat this year.Building a large, tax-free nest egg in your TFSA with growth stocks can give you more control over your tax bill in your retirement years. The post TFSA: 2 Canadian Stocks to Buy and Hold for Tax-Free Gains appeared first on The Motley Fool Canada.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »