Investing.com - Salesforce.com (NYSE:CRM) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.98 on revenue of $7.41B. Analysts polled by Investing.com anticipated EPS of $0.9444 on revenue of $7.38B.
Salesforce.com shares are down 36.53% from the beginning of the year and are trading at $156.02 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.21% from the start of the year.
Salesforce.com shares lost 3.27% in after-hours trade the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com's report follows an earnings beat by NVIDIA on Wednesday, May 25, 2022, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
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