Salesforce shares fall despite better-than-expected earnings

📆 01/06/2023 17:00:00
📰 FoxBusiness

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Salesforce reported profit and revenue that topped Wall Street estimates, while the company forecasts the current quarter revenue will top expectations.

Salesforce reported better-than-expected results last quarter.Shares of SalesforceShares had been on quite a run, rising by more than two-thirds so far this year and rose to their highest in about 16 months in regular trading on Wednesday.Salesforce Chief Financial Officer Amy Weaver said the company faced continued macroeconomic pressures in the United States and that demand from financial services and technology companies slowed in the quarter.

Capital expenditure also jumped nearly 36% to $243 million as the company invested in AI-related tools to power its software products.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Wall Street rises as DC moves to avoid defaultWall Street is ticking higher in its first trading after Washington struck a tentative deal to avoid a potentially disastrous default on its debt.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »