Salesforce stock falls after earnings and revenue beat

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Salesforce.com Inc. CRM, -3.66% shares fell more than 3% in the extended session Monday after the software company beat earnings and revenue expectations.

The company reported fiscal fourth-quarter net income of $362 million, or 46 cents a share, compared with $206 million, or 28 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and tax effects, among other items, earnings were 70 cents a share. Revenue rose to $3.6 billion from $2.87 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 55 cents a share on revenue of $3.56 billion.

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